Bloomberg News

Russian Economy Grew 3.9% in January on Year, Nabiullina Says

February 24, 2012

Feb. 24 (Bloomberg) -- Russian gross domestic product expanded 3.9 percent in January from a year earlier as the trade surplus grew, Economy Minister Elvira Nabiullina said.

The trade surplus widened to $21 billion last month, Nabiullina told reporters today in Moscow, in comments confirmed by the ministry’s press service.

Seasonally adjusted GDP declined 0.1 percent in January compared with December after slower retail sales and investment, she said.

The economy grew 3.8 percent in December from a year earlier and was unchanged in seasonally adjusted monthly terms, the ministry said on its website Feb. 2.

--Editors: Torrey Clark, Balazs Penz

To contact the reporter on this story: Scott Rose in Moscow at rrose10@bloomberg.net

To contact the editor responsible for this story: Balazs Penz at bpenz@bloomberg.net


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