Russian Industrial Output Grew 1.1% in 2016 -- Federal Statistics Service
24 January 2017 - 12:43AM
Dow Jones News
By Amie Ferris-Rotman
MOSCOW--Russia's industrial output edged up in 2016 compared
with the year before, data from the Federal Statistics Service
showed Monday.
Industrial output grew by 1.1% in 2016 year-on-year.
The data suggests the Russian economy is improving and is likely
to return to growth. The country's economy has been beset by a
two-year recession on the back of Western sanctions and low prices
of oil, Russia's key export.
The Russian government last week said gross domestic product is
expected to grow between 1% and 2% in 2017.
Output in the mining sector grew by 2.5%, manufacturing was up
by 0.1%, and utility sector output increased by 1.5%.
Write to Amie Ferris-Rotman at amie.ferris-rotman@wsj.com
(END) Dow Jones Newswires
January 23, 2017 08:28 ET (13:28 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.