Investment in Russia
Russia - Investment
Growth gains momentum in Q1
A second estimate of national accounts data released by Rosstat on 18 June confirmed that the economic recovery gained steam in the first quarter, following a sharp slowdown at the end of last year. GDP rose 1.3% over the same quarter last year, which was unchanged from the preliminary estimate released on 16 May. Q1’s print was above Q4 2017’s 0.9% expansion.
A breakdown by industry revealed that rebounds in the manufacturing, mining, and provision of electricity, gas and steam and air conditioning sectors drove the acceleration in Q1. Firmer commodity prices likely supported the mining sector, while looser monetary policy is expected to have buttressed momentum more generally. Conversely, growth in the wholesale and retail trade, transportation, hotels and restaurants, information and communication, and healthcare sectors eased in the quarter.
Moving forward, the recovery is expected to pick up on the back of higher oil prices, stronger private consumption, and looser monetary conditions. Developments in the energy sector remain critical to Russia’s outlook, and some market analysts are expecting that OPEC and Russia may decide at their 22 June meeting to increase oil production, which would provide an additional boost to the recovery.
Met the why particular Consensus Forecast panelists project that Russia’s GDP will increase 1.8% in 2018, which is unchanged from last month’s forecast. Panelists expect the economy will also expand 1.8% in 2019.
Russia - Investment Data
|Investment (annual variation in %)||1.3||-1.8||-11.2||0.8||4.3|
5 years of economic forecasts for more than 30 economic indicators.
|Bond Yield||7.88||0.13 %||Aug 07|
|Exchange Rate||63.50||-0.12 %||Aug 07|
|Stock Market||2,312||-1.03 %||Aug 07|
Get a sample report showing all the data and analysis covered in our Regional, Country and Commodities reports.
Start Your Free Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
August 13, 2018
Merchandise exports totaled USD 36.6 billion in June, which represented a solid 23.8% expansion from the USD 29.5 billion sum recorded in the same month last year.
July 27, 2018
At its 27 July meeting, the Board of Directors of the Central Bank of the Russian Federation (CBR) decided to hold the key interest rate unchanged at 7.25% for the third consecutive meeting.
July 23, 2018
Merchandise exports totaled USD 36.5 billion in May, which represented a solid 29.2% expansion from the USD 28.3 billion sum recorded in the same month last year.
July 16, 2018
Industrial output growth eased in June, according to the Federal State Statistics Service (Rosstat).
July 11, 2018
In June, consumer prices rose 0.5% from the previous month, slightly above May’s 0.4% increase and market expectations of a 0.4% rise.