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Russia's industrial output grew 7.6% in February year-on-year while manufacturing industries
Russia's industrial output grew 7.6% in February year-on-year while manufacturing industries showed 11.2% growth, the economics minister said on Monday.

"On the whole, the figures are positive and the country is demonstrating stable growth in industrial output," Elvira Nabiullina said.

The minister said the manufacturing sector continued to grow faster than other industries in Russia due to the government's investment policies.

Net capital inflow into Russia, which is reaping benefits from high world oil prices, reached a record $82.3 billion in 2007, almost double the previous year's figure, Russia's Central Bank earlier said.

Foreign direct investment in Russia is expected to exceed last year's figure of $28 billion in 2008, Arkady Dvorkovich, a senior economic adviser to the Russian president, said on Sunday at the Russian economic and financial forum in Switzerland.


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