Date: 9 months ago   Category: Economy

The MEDT has recorded delay of growth rates of GDP of Russia in August on 0,8 items — to 1% — Rambler News Service


The growth rate of GDP of Russia in August, 2018 was slowed down on 0,8 items in comparison with July — up to 1% in annual terms, the picture of business activity follows from the review of the Ministry of Economic Development (MEDT) ". September, 2018". "According to the Ministry of Economic Development of the Russian Federation, the growth rate of GDP in August has decreased to 1,0% of yoy from 1,8% of yoy a month earlier" — it is said in the statement of the MEDT. The ministry notes that the main contribution to delay of growth in August was made by sharp deterioration in annual dynamics of agriculture — minus 10% year-on-year after weak growth in June-July. In turn, decrease in release of agricultural production in August has been caused by negative dynamics of crop production because of decrease in productivity and reduction of acreage of a number of cultures in comparison with 2017. "Besides agriculture, decrease in annual growth rates in August have shown transport goods turnover (2,5% of yoy after 4,1% of yoy in July) and industrial production (2,7% of yoy after 3,9% of yoy in July). In construction stagnation is still observed (-0,8% of yoy in August after-0,7% of yoy in July). Growth rates of retail trade turnover in August have slightly increased in comparison with the last month (2,8% of yoy and 2,7% of / г2 respectively)" — the MEDT reports. GDP of Russia in January — August, 2018, according to the ministry, has grown by 1,6% in annual terms.

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