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  Tuesday, October 20, 2020
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Russia reported a 3.8% industrial growth in August year-on-year, the lowest rate since early 2007
Russia reported a 3.8% industrial growth in August year-on-year, the lowest rate since early 2007, the Federal Statistics Service said Tuesday. The country posted the highest industrial growth of 10.9% in June, while industrial output increased 7% in the first eight months of 2007 against the same period last year. The official forecast for industrial growth in 2007 is 5.2%, but the economics ministry said it could be raised. There are plans to submit a specified forecast to relevant ministries and departments by September 20. Processing industries reported the highest growth of 5.5% in August and increased 10.9% in January-August, year-on-year. Russia increased mineral production by just 0.5% in August and 2.4% in the first eight months of 2007. The country produced 200 million metric tons of coal (up 0.5% year-on-year), 326 million metric tons of oil (up 2.5%) and 429 billion cubic meters of gas (down 0.9%) in January-August. Russia produced 827,000 cars in the first eight months of 2007, up 10.2% year-on-year.
Print Russia reported a 3.8% industrial growth in August year-on-year, the lowest rate since early 2007 Bookmark Russia reported a 3.8% industrial growth in August year-on-year, the lowest rate since early 2007

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