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Russian economic growth picks up to 0.7% year-on-year in June

Russian economic growth picks up to 0.7% year-on-year in June

Gross domestic product growth in Russia accelerated to 0.7% in June in year-on-year terms after expanding by 0.1% in May, the Russian Economy Ministry said on Thursday.

In the second quarter of 2019, GDP grew 0.8% after growing by 0.5% in the first three months of the year.

The ministry said in a monthly report that GDP growth in June was boosted by a pick up in industrial output.

The ministry also said it lowered its initial GDP growth assessment for May to 0.1% from 0.2% reported earlier.Source: Reuters

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