Consumer prices also picked up 0.4% m/m, ending a brief phase of monthly declines.
Survey, however, also picked up signs of pressures easing.
Data shows that the combined inventories of more than 100 listed real estate firms reached $20.15bn, an increase of 11% compared with the start of the year.
Russian manufacturing activity continued to contract in August, although at a slower pace, as persistent weakness in demand weighed on output and new orders, according to the latest Purchasing Managers’ Index (PMI) data published by S&P Global.
Improved GDP figures came as a positive surprise to local market analysts.
Economic sentiment in Central and Eastern Europe (CEE) rose in August, indicating a potential acceleration in regional GDP growth to around 2.5% y/y, according to a note published by Nicholas Farr, emerging Europe economist at Capital Economics.