Russia’s economy resumes its decline
Russia’s economy resumes its decline
The biggest fall recorded in the production of steel pipes.
After slight growth in August, economy of Russia once again demonstrates the fall. GDP of Russia in September in annual terms decreased by 0.7%, month-on-month by 0.2%.
Such data results the Ministry of economic development, RBC.
Rosstat reported that the rate of decline in the Russian industry in September, peaked in January 2016. The Ministry of economic development States that the General decline in the industry in September was 0.2% (compared to August). In August increased by 0.3% (compared to July).
Indicators of industrial production in Russia in September 2016, at an annual rate
Industry
Drop/rise
Overall in the industry
Minus 0.2% (compared with August)
Manufacturing
Minus 1.6%
The production of passenger cars
Down 3.6%
Production of knitwear
Minus 4.9%
Manufacture of footwear
Minus 9.7 percent
The production of iron
Minus 9.9 percent
Manufacture of steel tubes
12.8%
Chemical production
Plus 2%
Earlier Russia has worsened the Outlook for the economy.