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Russian Industrial Output Growth Remains Weak In July

Source: http://russiatooat.blogspot.com/2008/08/russian-industrial-output-growth.html
Posted on Monday, August 18th, 2008 | In Russia
Contributed by: Edward Hugh (http://globaleconomydoesmatter.blogspot.com) -

Russian industrial output growth continued to show signs of weakness in July after expanding at the slowest pace in five and a half years in June. Industrial output increased at a 3.2 percent annual rate compared with 0.9 percent increase in June, according to data from the Federal Statistics Service earlier today. The June result was the slowest rate of growth since the service began calculating data under new methodology in 2003. Month on month output was up 3.3 percent from June.

Manufacturing increased an annual 4.6 percent in July, compared with 0.6 percent the previous month. Cement production dropped 8.2 percent. Mining and quarrying fell 1.8 percent, compared with growth of 0.6 percent in the previous month. Crude oil and gas condensate production fell 1.9 percent compared with a year ago. Electricity, gas and water output increased an annual 5 percent, compared with 4 percent in the previous month.

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About Edward Hugh (http://globaleconomydoesmatter.blogspot.com)
Edward Hugh is a macro economist, who specializes in growth and productivity theory, demographic processes and their impact on macro performance, and the underlying dynamics of migration flows.

Hugh is a founding member and regular contributor to a number of economics weblogs, including Global Economy Matters, Demography Matters and a number of others.

Edward 'the bonobo' Hugh is a Catalan economist of British extraction based in Barcelona. By inclination he is a macro economist, but his obsession with trying to understand the economic impact of demographic changes has often taken him far from home, off and away from the more tranquil and placid pastures of the dismal science, into the bracken and thicket of demography, anthropology, biology, sociology and systems theory. All of which has lead him to ask himself whether Thomas Wolfe was not in fact right when he asserted that the fact of the matter is "you can never go home again". He is currently working on a book with the provisional working title "Population, the Ultimate Non-renewable Resource".

Edward also writes regularly for the demography blog Demography Matters. He also contributes to the Indian Economy blog . His personal weblog is Bonobo Land . Edward's website can be found at EdwardHugh.net.

Edward follows in detail the Indian, Italian, Spanish, German and Japanese economies. He also has a more than a passing interest in the economies of Turkey and Brazil and in the emerging economies of Eastern Europe.

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