Russian GDP growth down to 0.5% y/y in October

Russian GDP growth down to 0.5% y/y in October
Russian GDP growth down to 0.5% y/y in October #bneChart
By bne IntelliNews December 1, 2016

Russia's GDP was down 0.5% y/y in October, with a 0.7% y/y overall contraction in the first ten months of the year.

October GDP figures released by the economy ministry came slightly below Alfa Bank's expectations: "We had projected a 0.4% y/y contraction, while the actual figure dropped 0.5% y/y," the bank's analysts wrote. For 10M16, GDP declined 0.7% y/y, which reinforces Alfa Bank's -0.8% y/y GDP projection for 2016.

 

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