RUSSIA'S GDP UP 1.8%
REUTERS - That was slower than in the second quarter, when the economy grew 2.5 percent, its best annual rate since the third quarter of 2012.
"The year-on-year growth rate was depressed by the fact that there was one fewer working day in Q3 this year than in Q3 2016 – something Rosstat doesn't adjust for," research firm Capital Economics said in a note.
The 1.8 percent expansion in gross domestic product is a preliminary reading and could be revised later this year when the Federal Statistics Service, or Rosstat, provides a detailed breakdown of economic growth factors.
Following the data release, Capital Economics said it was lowering its growth forecast for 2017 to 1.8 percent from a previously expected 2.3 percent.
The Russian economy is recovering from a full-blown crisis caused by a massive drop in prices for oil, its key export, and by economic sanctions imposed by the West over Moscow's role in the Ukraine crisis.
Analysts polled by Reuters in late October had on average expected 2017 GDP growth of 1.8 percent after two consecutive years of contraction.
Officials are more upbeat on Russia's economic prospects, saying GDP could expand by more than 2 percent in the whole of 2017.
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FRB - Industrial production edged down 0.1 percent in January following four consecutive monthly increases. Manufacturing production was unchanged in January. Mining output fell 1.0 percent, with all of its major component industries recording declines, while the index for utilities moved up 0.6 percent. At 107.2 percent of its 2012 average, total industrial production was 3.7 percent higher in January than it was a year earlier. Capacity utilization for the industrial sector fell 0.2 percentage point in January to 77.5 percent, a rate that is 2.3 percentage points below its long-run (1972–2017) average.