Rosstat: Russian GDP growth decelerates to 4.0% in Q2
According to a preliminary estimate from the State Statistics Service (Rosstat), Russian GDP grew 4.0% year-on-year in Q2 2024, News.Az reports citing Interfax .
The growth slowed from 5.4% in Q1 2024.The Russian Economic Development Ministry has also estimated GDP growth at 4.0% in Q2, while the Central Bank's estimate was 4.4%.
GDP growth was influenced by higher output in wholesale trade (+8.3%), retail trade (+7.3%), passenger transport (+7.3%), manufacturing (+7.3%), water utilities (+4.7%), construction (+4.1%) and provision of electricity, gas and steam, air conditioning (+2.3%).
Rosstat will give more detailed Q2 GDP figures on September 13.
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