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Russia's GDP hits 5.6 % in September, 7.4% in 9M07 - ministry

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MOSCOW, October 22 (RIA Novosti) - Russia's gross domestic product grew by 5.6 % in September year-on-year, and by 7.4% in the first nine months year-on-year, the economics ministry said Monday.

The GDP rate for September this year is lower than last year which is explained by a slight decline in industrial growth last month estimated at 0.1%, the ministry said.

"GDP growth in September-December last year was very high, and against lower growth rates this year it does not look that good," the ministry said.

GDP in August was 6.4% and 7.7% in the first eight months of 2007 year-on-year.

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