International Reserves in Russia
Russia - International ReservesThe recovery is expected to have broadly kept pace in the second quarter, after growth picked up modestly at the start of the year. According to the Finance Ministry, monthly GDP grew solidly in April and May, but slowed in June. Firm oil prices, low unemployment and rising wages likely supported the economy’s momentum; however, data for the manufacturing sector remains lackluster and industrial production growth fell notably in June. More recent data for Q3 has been more upbeat. Industrial production growth regained lost steam in July and the services PMI rose, while the Ural oil price jumped in August. In the political arena, following widespread protests, President Vladimir Putin reduced a planned increase in the retirement age for women on 29 August, but left a planned increase in the male retirement age unchanged. The proposed retirement age rise is widely unpopular especially due to low life expectancy, but deemed necessary to support the country’s pension system. Meanwhile, on 27 August, new U.S. sanctions against Russia took effect targeting foreign aid, defense and security goods.
Russia - International Reserves Data
|International Reserves (USD)||511||385||368||378||433|
5 years of economic forecasts for more than 30 economic indicators.
Russia International Reserves Chart
Source: Central Bank of the Russian Federation (CBR).
|Bond Yield||8.78||0.13 %||Sep 20|
|Exchange Rate||67.01||-0.12 %||Sep 20|
|Stock Market||2,111||-1.03 %||Sep 20|
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September 13, 2018
Merchandise exports totaled USD 34.4 billion in July, which represented a strong 39.5% expansion from the USD 24.7 billion sum recorded in the same month last year.
September 12, 2018
A second estimate of national accounts data released by Rosstat on 11 September shows that the economic recovery gained further steam in the first quarter, following a sharp slowdown at the end of last year.
September 3, 2018
The Russian ruble tumbled in August, falling to the lowest levels seen in over two years.
September 3, 2018
Business conditions in Russia’s manufacturing sector improved somewhat in August.
August 27, 2018
Industrial output growth gained steam in July, according to the Federal State Statistics Service (Rosstat).