- Sputnik International
Russia
The latest news and stories from Russia. Stay tuned for updates and breaking news on defense, politics, economy and more.

Russia posts 7.4% industrial production growth in Jan.-May

Subscribe
MOSCOW, June 18 (RIA Novosti) - Russia's industrial production grew by 7.4% between January and May 2007, a deputy prime minister said Monday.

"Industrial output has been growing steadily since the start of the year," Alexander Zhukov told a Cabinet meeting.

Citing figures from a Federal Statistics Service report, he said that in May, the growth rate had increased 6.7% year-on-year, and by 0.9% month-on-month.

Zhukov said it was due primarily to manufacturing industries, which posted an 11.9% growth over the period, while the mining sector's output increased by a mere 3.4%.

Car output increased 11.5% year-on-year in January-May while the amount of household appliances manufactured in the period jumped 167% on last year's figure.

Zhukov said the cited statistics provide sufficient basis to expect Russia's steady industrial growth will persist.

Newsfeed
0
To participate in the discussion
log in or register
loader
Chats
Заголовок открываемого материала