Russia Exports of Newsprint Paper CMLV  1994-2017 | Data | Chart

Exports of Newsprint Paper CMLV in Russia decreased to 42.20 USD Million in January from 427.92 USD Million in December of 2016. Exports of Newsprint Paper CMLV in Russia averaged 286.51 USD Million from 1994 until 2017, reaching an all time high of 801.40 USD Million in December of 2008 and a record low of 8.60 USD Million in January of 1994.

Russia Exports of Newsprint Paper CMLV
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Russia Trade Last Previous Highest Lowest Unit
Balance of Trade 12598.00 10171.00 20356.00 -185.00 USD Million [+]
Exports 31328.00 25753.00 50248.00 4100.00 USD Million [+]
Imports 18730.00 15582.00 32481.00 2691.00 USD Million [+]
Current Account 22800.00 10124.00 39286.00 -3774.00 USD Million [+]
Current Account to GDP 1.80 5.10 18.00 -1.40 percent [+]
External Debt 529.70 518.70 732.80 151.30 USD Billion [+]
Capital Flows 7140.13 2894.31 32844.54 -47722.55 USD Million [+]
Gold Reserves 1615.22 1542.66 1615.22 343.41 Tonnes [+]
Crude Oil Production 10733.00 10830.00 10832.00 5707.00 BBL/D/1K [+]
Remittances 5410.00 4478.00 5728.00 1359.00 USD Million [+]
Terrorism Index 5.43 6.21 7.21 5.43 [+]
Weapons Sales 5483.00 5468.00 8695.00 1478.00 USD Million [+]
Foreign Direct Investment 21202.00 4212.00 40140.00 -3922.00 USD Million [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



Russia Exports of Newsprint Paper CMLV Notes

Russia accounts for Exports of Newsprint Paper using cumulative values for each year (CMLV). This page includes a chart with historical data for Russia Exports of Newsprint Paper CMLV. Russia Exports of Newsprint Paper CMLV - actual data, historical chart and calendar of releases - was last updated on May of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
42.20 427.92 801.40 8.60 1994 - 2017 USD Million Monthly
Current prices NSA



RELATED NEWS

Monday May 22 2017
Russia Jobless Rate Unexpectedly Falls To 5.3% In April  
The unemployment rate in Russia declined to 5.3 percent in April of 2017 from 5.9 percent in the same month a year ago and well below market expectations of 5.5 percent. It was the lowest jobless rate since December last year. The number of unemployed people decreased by 470 thousand to 4.050 million while the number of economically active people fell by 400 thousand to 75.9 million, representing 52 percent of total population.
Thursday May 18 2017
Russian Economy Continues To Recover In Q1  
The Russian GDP advanced 0.5 percent year-on-year in the first quarter of 2017, following 0.3 percent growth in the previous period and above market expectations of 0.4 percent, according to preliminary estimates. The economy returned to growth after a two-year recession that was mainly caused by low oil prices and sanctions imposed on Russian individuals and businesses in response to the annexation of Crimea.
Thursday May 18 2017
Russia's Economy Returns To Growth  
The Russian GDP advanced 0.5 percent year-on-year in the first quarter of 2017, following 0.3 percent growth in the previous period and above market expectations of 0.4 percent, according to preliminary estimates. The economy is now recovering after two years recession, brought on by falling oil prices, western sanctions and a weak currency. The economy is expected to grow between one and two percent in 2017-2019, while further GDP growth calls for efficient structural government reforms. The main county’s challenges are continued heavy dependence on oil revenues, the weakness of public administration, lag in technological innovation, financial isolation and geopolitical tensions.
Wednesday May 17 2017
Russian Economy Returns To Growth  
The Russian GDP advanced 0.5 percent year-on-year in the first quarter of 2017, following 0.3 percent growth in the previous period and above market expectations of 0.4 percent, according to preliminary estimates. The economy is now recovering after two years recession, brought on by falling oil prices, western sanctions and a weak currency.
Friday May 12 2017
Russia Trade Surplus At Near 2-Year High In March  
Russian trade surplus increased by 61.7 percent to $12.6 billion in March 2017 from $7.8 billion in the same month a year earlier and above market expectations of a $11.9 billion surplus. It was the largest trade surplus since June of 2015, as exports jumped 35.2 percent to $31.3 billion and imports went up 21.8 percent to $18.7 billion.
Friday May 05 2017
Russia Inflation Rate At 5-Year Low Of 4.1%  
Consumer prices in Russia increased by 4.1 percent year-on-year in April 2017, easing from a 4.3 percent rise in the previous month and below market expectations of 4.2 percent. It was the lowest inflation rate since May 2012, as prices increased at a slower pace for housing and utilities, clothing and footwear and transport. On a monthly basis, prices went up 0.3 percent after advancing by 0.1 percent in March.
Friday April 28 2017
Russia Cuts Key Rate To 9.25%  
The Central Bank of Russia has lowered its benchmark one-week repo rate by 50 bps to 9.25 percent on April 28th, while markets expected 25 bps rate cut. Policymakers signaled the possibility of further cuts in the second and third quarters this year, as inflation continued to decline and is projected to reach 4 percent target before the end of 2017.
Tuesday April 18 2017
Russia Jobless Rate Falls To 5.4% In March  
The unemployment rate in Russia declined to 5.4 percent in March of 2017 from 5.6 percent in the previous month and below market expectations of 5.6 percent. A year ago, the jobless rate was 6 percent.
Tuesday April 11 2017
Russia Trade Surplus Widens 40% YoY In February  
Russia Trade Surplus Widens 40% YoY In February Russian trade surplus increased by 40.3 percent to $10.17 billion in February 2017 from $7.2 billion in the same month a year earlier, while slightly below market expectations of a $10.5 billion surplus.
Wednesday April 05 2017
Russia Inflation Rate Slows To 4.3% In March  
Consumer prices in Russia increased by 4.3 percent year-on-year in March 2017, easing from a 4.6 percent rise in the previous month and in line with market expectations. It was the lowest inflation rate since June 2012. On a monthly basis, prices edged up 0.1 percent after advancing by 0.2 percent in February.
Thursday May 18 2017
Russia GDP Expands 1st Time In 2 Years In Q4  
The Russian economy advanced 0.3 percent in the fourth quarter of 2016, following 0.4 percent contraction in the previous period. It was the first expansion since the fourth quarter of 2014. Net external demand contributed positively, as exports rose by 3.7 percent (4.2 percent in Q3) and imports edged up 0.3 percent (-3.5 percent in Q3). Also, household spending (-3.2 percent from -4.8 percent in Q3) and investments (-0.3 percent from -0.8 percent) contracted at a slower pace. Meanwhile, government consumption fell 0.5 percent, at the same pace as in the previous period. In 2016, the GDP shrank 0.2 percent.
Friday March 24 2017
Russia Cuts Key Rate To 9.75%  
The Central Bank of Russia has lowered its benchmark one-week repo rate by 25 bps to 9.75 percent on March 24th, while markets expected no change in rates. Policymakers signaled the possibility of further cuts in the second and third quarter of 2017, as inflation slowdown overshoots the forecast, inflation expectations continue to decline and economic activity recovers.
Tuesday March 21 2017
Russia Jobless Rate Steady At 5.6% In February  
The unemployment rate in Russia remained unchanged at 5.6 percent in February of 2017 from the previous month and in line with market expectations. The jobless rate stayed at the highest since May 2016.
Tuesday March 14 2017
Russia Trade Surplus Widens In January  
Russian trade surplus increased by 59 percent to $11.45 billion in January 2017 from $7.2 billion in the same month a year earlier, while below market expectations of a $13.2 billion surplus. Exports jumped 47.2 percent to $25.1 billion and imports went up 38.9 percent to $13.7 billion.
Tuesday March 07 2017
Russia Inflation Rate Slows To New 4-1/2-Year Low  
Consumer prices in Russia increased by 4.6 percent year-on-year in February 2017, easing from a 5 percent rise in the previous month and below market expectations of a 4.7 percent gain. It was the lowest inflation rate since June 2012. On a monthly basis, prices went up 0.2 percent after advancing by 0.6 percent in January.
Wednesday February 22 2017
Russia Jobless Rate At 8-Month High Of 5.6% In January  
The unemployment rate in Russia increased to 5.6 percent in January of 2017 from 5.3 percent in December and well above market expectations of 5.6 percent. It was the highest jobless rate since May 2016.
Friday February 10 2017
Russia Trade Surplus Widens 4.7% YoY In December  
Russian trade surplus increased by 4.7 percent to $11.83 billion in December 2016 from $11.3 billion in the same month a year earlier, well above market expectations of a $9.85 billion surplus. Exports rose 8.3 percent, the second consecutive monthly increase since July 2014; and imports went up 10.6 percent, the fifth month in a row of growth. Considering the full 2016, the trade surplus shrank 39.1 percent to $90.4 billion from $148.5 billion in 2015, as exports fell 17.5 percent and imports declined at a much slower 0.8 percent.
Monday February 06 2017
Russia Inflation Rate At New 4-1/2-Year Low Of 5%  
Consumer prices in Russia increased 5 percent year-on-year in January of 2017, following 5.4 percent rise in the previous month and below market expectations of 5.1 percent. It was the lowest inflation rate since June 2012, as prices increased at a slower pace for food; clothing and footwear; furnishings and household equipment and recreation and cultural activities. On a monthly basis, prices went up 0.6 percent, compared to 0.4 percent rise in December.
Friday February 03 2017
Russia Leaves Key Rate Steady At 10%  
The Central Bank of Russia kept its benchmark one-week repo rate unchanged at 10 percent on February 3rd, as widely expected, and signaled the possibility of further cuts in the first half of 2017 has diminished, given the internal and external developments. Policymakers said that inflation performance has been in line with the forecast, inflation expectations were going down gradually, and the economy was recovering faster than previously expected.
Wednesday January 25 2017
Russia Jobless Rate Edges Dow To 5.3%  
The unemployment rate in Russia declined to 5.3 percent in December of 2016 from 5.4 percent in November and below market expectations of 5.4 percent.
Monday January 16 2017
Russian Trade Surplus Widens Unexpectedly In November  
Russian trade surplus increased by 2.2 percent to $9.14 billion in November 2016 from $8.94 billion in the same month a year earlier, well above market expectations of a $7.6 billion surplus. Exports rose 4.9 percent, the first increase since July 2014; and imports went up 6.4 percent, the fourth consecutive month of growth.
Tuesday January 10 2017
Russia Inflation Rate Confirmed At 5.4% In December  
Consumer prices in Russia increased 5.4 percent year-on-year in December of 2016, following 5.8 percent rise in the previous month and in line with preliminary estimates. It was the lowest inflation rate since June 2012, as prices increased at a slower pace for food, housing and utilities, clothing and footwear and recreation and cultural activities. On a monthly basis, prices went up 0.4 percent, at the same pace as in November.
Friday December 30 2016
Russia Inflation Rate Lowest Since June 2012  
Consumer prices in Russia increased 5.4 percent year-on-year in December of 2016, following 5.8 percent rise in the previous month and below market expectations of 5.6 percent. It was the lowest inflation rate since June 2012, according to preliminary estimates. A year ago inflation was recorded at 12.9 percent.
Monday December 19 2016
Russia Jobless Rate Matches Expectations In November  
Russian unemployment rate decreased to 5.4 percent in November of 2016 compared to 5.8 percent a year ago and in line with market expectations. In the previous month, the jobless rate was recorded at 5.4 percent.
Friday December 16 2016
Russia Holds Key Rate at 10%  
The Central Bank of Russia kept its benchmark one-week repo rate unchanged at 10 percent on December 16th and signaled the possibility of further cuts in the first half of 2017. Policymakers also said that the dynamics of inflation and economic activity were overall in line with the forecast and inflation risks have subsided somewhat. Consumer prices growth was slowing down in part under the influence of temporary factors, while deceleration in inflation expectations remains unsteady.
Tuesday December 13 2016
Russia's GDP Contraction Confirmed At 0.4% YoY In Q3  
Russian economy shrank 0.4 percent year-on-year in the third quarter of 2016, following 0.6 percent fall in the previous period, and in line with preliminary estimates. It was the smallest contraction in seven quarters, driven by lower drop in construction, public administration, transport and accelerated growth for mining and quarrying and agriculture. Russia remained stuck in recession, led by low oil prices, and sanctions over Ukraine that closed access to capital markets.
Monday December 12 2016
Russia Trade Surplus Below Expectations In October  
Russia's trade surplus decreased to $6.6 billion in October 2016, from a $10 billion surplus a year earlier and well below market expectations of $8.2 billion. Exports dropped 7.6 percent, while imports rose for the third consecutive month by 8.2 percent. Considering the first ten months of the year, the trade surplus shrank 45.7 percent to $69.7 billion, as exports fell 22 percent and imports declined at a slower 2.7 percent.
Tuesday December 06 2016
Russia Inflation Rate At 4-Year Low of 5.8% In November  
Consumer prices in Russia increased 5.8 percent year-on-year in November of 2016, following 6.1 percent growth in the previous month and below market expectations of 5.9 percent. It was the lowest inflation rate since July 2012, as prices rose at a slower pace for food; clothing and footwear; recreation and culture; furnishings and household equipment and alcoholic beverages and tobacco . On a monthly basis, prices went up 0.4 percent, below market consensus of 0.6 percent.
Friday November 18 2016
Russia Jobless Rate Falls To 5.4% In October  
Russian unemployment rate decreased to 5.4 percent in October of 2016 compared to 5.5 percent a year ago and in line with market expectations. In the previous month, the jobless rate was recorded at 5.2 percent.
Friday November 11 2016
Russia Trade Surplus Above Expectations in September  
Russia's trade surplus decreased to $7.38 billion in September 2016, from a $9.5 billion surplus a year earlier while above market expectations of $6.9 billion. Exports dropped 3 percent, the lowest decline since August 2014. Meanwhile, imports rose for the second consecutive month by 7.9 percent. Considering the first nine months of the year, the trade surplus shrank 46.6 percent to USD 63.1 billion, as exports fell 23.4 percent and imports declined 4 percent.
Thursday November 03 2016
Russia Inflation Rate at Near 3-Year Low of 6.1%  
Consumer prices in Russia increased 6.1 percent year-on-year in October of 2016, following 6.4 percent growth in the previous month and below market expectations of 6.2 percent. It was the lowest inflation rate since January 2014, as prices rose at a slower pace for food, housing and utilities, clothing and footwear, transport, furnishings and recreation and culture. On a monthly basis, prices went up 0.4 percent.
Friday October 28 2016
Russia Holds Key Rate at 10%  
The Central Bank of Russia kept its benchmark one-week repo rate unchanged at 10 percent on October 28th and signaled the rate will be maintained till end-2016 with its further possible cuts in 2017 Q1-Q2. Policymakers also said the dynamics of inflation and economic activity were overall in line with the forecast. At the same time, inflation is slowing down to a great extent on the back of temporary factors, while deceleration in inflation expectations remains unsteady. Annual growth in consumer prices is set to total less than 4.5 percent for October 2017, dropping to the target level of 4 percent by the end of 2017.
Wednesday October 19 2016
Russia Jobless Rate Steady at 5.2% in September  
Russian unemployment rate remained unchanged at 5.2 percent in September of 2016 compared with a previous month and in a line with market expectations.
Wednesday October 12 2016
Russia Trade Surplus Narrows 44.4% YoY in August  
Russia's trade surplus decreased to $4.9 billion in August 2016, from a $8.8 billion surplus a year earlier and well below market expectations of $7.2 billion. It was the lowest trade surplus since April 2009, as exports dropped 7.2 percent while imports rose for the first time since December 2013 by 13 percent. Considering the first eight months of the year, the trade surplus shrank 48.7 percent to USD 55.7 billion, as exports fell 25.7 percent and imports declined 5.6 percent.
Tuesday October 04 2016
Russia Inflation Rate at 2-1/2-Year Low of 6.4%  
Consumer prices in Russia increased 6.4 percent year-on-year in September of 2016, following 6.9 percent growth in the previous month and below market expectations of 6.6 percent. It was the lowest inflation rate since February 2014, as food, housing and utilities, clothing and footwear, transport prices rose at a slower pace. On a monthly basis, prices went up 0.2 percent.
Monday September 19 2016
Russia Jobless Rate Falls Unexpectedly to 5.2% in August  
Russian unemployment rate declined to 5.2 percent in August of 2016, compared to 5.3 percent in the previous month and well below market expectations of 5.4 percent. It was the lowest jobless rate since September 2015, as the number of unemployed people decreased by 88 thousand to 4.037 million while economically active increased by 0.6 million to 77.5 million (53 percent of population).
Friday September 16 2016
Russia Cuts Key Rate to 10%  
The Central Bank of Russia lowered its benchmark one-week repo rate by 50bps to 10 percent on September 16th, and signaled the rate will be maintained till end-2016 with its further possible cuts in 2017 Q1-Q2. Policymakers also said inflation expectations had decreased while economic activity remained unstable. Annual inflation rate declined to two-year low 6.9 percent in August, following 7.2 percent in the previous month.
Friday September 09 2016
Russia Trade Surplus at Fresh 7-Year Low in July  
Russia's trade surplus decreased to $6.5 billion in July 2016, from a $10.6 billion surplus a year earlier while above market expectations of $6.1 billion. It was the lowest trade surplus since April 2009, as exports dropped at a faster 17.5 percent than 4.1 percent fall in imports. Considering the first seven months of the year, the trade surplus shrank 48.7 percent to USD 51.249 billion, as exports fell 27.8 percent and imports declined 8.6 percent.
Friday September 09 2016
Russia GDP Contracts 0.6% YoY in Q2  
Russian economy shrank 0.6 percent year-on-year in the second quarter of 2016, following 1.2 percent fall in the previous period and in a line with preliminary estimates. It was the smallest contraction in six quarters, as manufacturing production returned to growth and wholesale and retail trade declined at a slower pace.
Monday September 05 2016
Russian Inflation Eases to 6.9% in August  
Consumer prices in Russia increased 6.9 percent year-on-year in August of 2016, following 7.2 percent growth in the previous month while above market expectations of 6.1 percent. It was the lowest reading since March 2014, as housing and utilities, clothing and footwear, transport and recreation and culture prices rose at a slower pace while food cost accelerated. On a monthly basis, prices were flat.
Wednesday August 17 2016
Russian Jobless Rate Down to 5.3% in July  
Russian unemployment rate was recorded at 5.3 percent in July of 2016, compared to 5.4 percent in the previous month. The figure came below market expectations of 5.4 percent and was the lowest since September 2015.
Friday September 09 2016
Russia Trade Surplus at 6-Month High in June  
Russia's trade surplus decreased to USD 8.1 billion in June 2016, from a USD 13.8 billion surplus a year earlier while above market expectations of USD 7.46 billion. It was the biggest trade surplus since December last year, as exports and imports dropped at a slower 19.8 percent and 1.4 percent, respectively. Considering the first six months of the year, the trade surplus shrank 49.9 percent to USD 44.7 billion from USD 89.3 billion in the same period of 2015.
Thursday August 04 2016
Russian Inflation Slows to Near 2-1/2-Year Low in July  
Consumer prices in Russia increased 7.2 percent year-on-year in July of 2016, following 7.5 percent growth in the previous month. It was the lowest reading since March 2014 and below market expectations of 7.4 percent. Housing and utilities, and recreation and culture prices rose at a slower pace while food cost accelerated. On a monthly basis, prices went up 0.5 percent.
Tuesday July 19 2016
Russian Jobless Rate Falls to 5.4% in June  
Russian unemployment rate was recorded at 5.4 percent in June of 2016, down from 5.6 percent in the previous month. The figure came well below market expectations of 5.6 percent and was the lowest since September 2015. The number of unemployed people decreased by 126 thousand to 4.17 million while economically active increased by 0.4 million to 76.9 million (52 percent of population).
Tuesday July 12 2016
Russia Trade Surplus Narrows 51% YoY in May  
Russia's trade surplus decreased sharply to USD 7.5 billion in May 2016, from a USD 15.3 billion surplus a year earlier while above market expectations of USD 7.2 billion. Exports dropped 28.3 percent and imports went down at a slower 5.5 percent. Considering the first five months of the year, the trade surplus shrank 51.4 percent to USD 36.6 billion from USD 75.4 billion in the same period of 2015.
Thursday August 04 2016
Russia Inflation Picks Up to 7.5% in June  
Consumer prices in Russia increased 7.5 percent year-on-year in June of 2016, following 7.3 percent growth in the previous month. It was the highest reading since February and above market expectations of 7.4 percent. Food, housing and transport prices growth accelerated while recreation and culture rose at a slower pace. On a monthly basis, prices went up by 0.4 percent.
Monday June 20 2016
Russian Jobless Rate at 7-Month Low of 5.6%  
Russian unemployment rate was recorded at 5.6 percent in May of 2016, down from 5.9 percent in the previous month. The figure came below market expectations of 5.8 percent and was the lowest October 2015. The number of unemployed people decreased by 217 thousand to 4.3 million.
Wednesday June 15 2016
Russia's GDP Contraction Confirmed at -1.2% in Q1  
Russian economy shrank 1.2 percent year-on-year in three months to March of 2016, following 3.8 percent drop in the previous period and in line with preliminary estimates, final figures showed. The country remained in recession for the fifth consecutive quarter, led by fall in manufacturing, construction, wholesale and retail trade while agriculture, mining and quarrying, financial and rental services advanced.
Friday June 10 2016
Russia Trade Surplus Narrows to 7-Year Low  
Russia's trade surplus decreased sharply to USD 6.8 billion in April 2016, from a USD 14.5 billion surplus a year earlier and below market expectations of USD 8.8 billion. It was the lowest reading since April 2009, as exports fell 28.8 percent while imports went down shrank 6.5 percent.
Friday June 10 2016
Russia Cuts Key Interest Rate to 10.5%  
The Bank of Russia lowered its benchmark one-week repo rate by 50bps to 10.5 percent on June 10th, as widely expected, saying inflation expectations continued to decrease amid an economic recession. Policymakers also said a rate cut could be considered in next meetings if inflationary risks fall further and projected the annual inflation will reach the 4 percent target in late 2017.
Monday June 06 2016
Russia Inflation Rate Stable at 7.3% in May  
Consumer prices in Russia increased 7.3 percent year-on-year in May of 2016, unchanged from the previous two months, staying at the lowest level since April of 2014. Food and transport prices rose at a faster pace while clothing and footwear growth slowed down. On a monthly basis, prices went up by 0.4 percent.
Monday May 23 2016
Russia Jobless Rate Down to 5.9% in April  
Unemployment rate in Russia was recorded at 5.9 percent in April of 2016, down from 6.0 percent in the previous month and below market expectations of 6.0 percent. The number of unemployed people decreased by 47 thousand to 4.52 million while economically active increased by 0.2 million to 76.3 million (52 percent of population).
Thursday May 12 2016
Russia Trade Surplus Below Expectations in March  
Russia's trade surplus decreased by 51 percent to USD 7.7 billion in March of 2016, from a USD 15.8 billion surplus a year earlier and below market expectations of USD 8.5 billion. Exports fell 30.1 percent and imports went down at a slower 10.6 percent.
Monday June 06 2016
Russia Inflation Rate Steady at 7.3% in April  
Consumer prices in Russia increased 7.3 percent year-on-year in April of 2016, the same pace as in the preceding month, staying at its lowest level since April of 2014 and below market expectations of 7.4 percent. Food and transport prices growth accelerated while housing and utilities cost slowed down. On a monthly basis, prices edged up by 0.4 percent.
Friday April 29 2016
Russia Holds Key Rate at 11%  
The Bank of Russia kept its benchmark one-week repo rate unchanged at 11% on April 29th, saying inflation is easing although at a slower pace than anticipated due to budget uncertainties and ambiguity in nominal wages. Policymakers also said a rate cut could be considered in next meetings if inflationary risks decrease.
Tuesday April 19 2016
Russia Jobless Rate at 3-Year High  
Unemployment rate in Russia was recorded at 6.0 percent in March of 2016, up from 5.8 percent in the previous three months and above market expectations of 5.9 percent. It was the highest rate since January of 2013, as the number of unemployed people increased by 138 thousand to 4.56 million while economically active increased by 0.2 million to 76.1 million (52 percent of population).
Monday April 11 2016
Russia Trade Surplus Down 47% in February  
Russia's trade surplus narrowed to USD 7.35 billion in February of 2016, from a USD 13.97 billion surplus a year earlier. Exports shrank 31.4 percent and imports decreased at a slower 19.9 percent.
Tuesday April 05 2016
Russia Inflation Rate at Near 2-Year Low  
Consumer prices in Russia increased 7.3 percent year-on-year in March of 2016, slowing from 8.1 percent growth in the previous month and below market expectations of 7.5 percent. It was the lowest reading since April of 2014, pulled down by cost of food, housing and clothing. On a monthly basis, prices edged up by 0.5 percent.
Friday April 01 2016
Russia GDP Contracts 3.8% in Q4  
Russian economy contracted 3.8 percent year-on-year in the fourth quarter of 2015, in line with the preliminary estimates, following a downwardly revised 3.7 percent drop in the previous period, final figures showed. The GDP shrank for the fourth straight period, dragged down by household spending (-12.4 percent from -10.4 percent in Q3), public consumption (-1.7 percent from -1.8 percent in Q3) and gross fixed capital formation (-6.0 percent from -11.3 percent in Q3). Imports fell 21.2 percent (-25.4 percent) while exports advanced 9.8 percent (-1.4 percent in Q3).
Monday March 21 2016
Russia Unemployment Rate Steady at 5.8%  
Russian jobless rate was recorded at 5.80 percent in February of 2016, unchanged from the previous two months and in line with market expectations. The number of unemployed people was steady at 4.4 million while economically active increased by 0.1 million to 75.9 million (52 percent of population).
Friday March 18 2016
Russia Holds Key Rate at 11%  
The Bank of Russia left its benchmark one-week repo rate unchanged at 11% on March 18th saying inflationary risks remain high due to developments in the oil market and budget uncertainties. Policymakers also said rates may stay high for longer than previously planned, aiming to bring inflation to target.
Friday March 11 2016
Russia Trade Surplus at 5-1-2-Year Low  
Russia's trade surplus narrowed to USD 7.9 billion in January of 2016, from a USD 15.4 billion surplus a year earlier. It was the lowest surplus since August of 2010, as exports fell 34.4 percent and imports decreased at a slower 21 percent.
Friday March 04 2016
Russia Inflation Rate at 17-Month Low  
Consumer prices in Russia increased 8.1 percent year-on-year in February of 2016, compared to 9.8 percent growth in the previous month and below market expectations of 8.5 percent. It was the lowest figure since September of 2015, as cost of food, housing and transportation rose at a slower pace. On a monthly basis, prices went up by 0.6 percent.
Thursday February 18 2016
Russia Jobless Rate Unchanged at 5.8% in January  
Russian unemployment rate was recorded at 5.80 percent in January of 2016, unchanged from the previous month and below market expectations. The number of unemployed people was steady at 4.4 million while economically active decreased by 0.9 million to 75.8 million (52 percent of population).
Thursday February 11 2016
Russia Trade Surplus Narrows 21% in December  
Russia posted a USD 10.98 billion trade surplus in December of 2015, down from a USD 13.9 billion surplus a year earlier, as exports shrank 26 percent and imports fell 28.8 percent.
Friday February 05 2016
Russia Inflation Rate at 14-Month Low  
Consumer prices in Russia increased 9.8 percent year-on-year in January of 2016, down from 12.9 percent in the previous month, slightly below market expectations. It was the lowest reading since November of 2014, as cost of food, housing and transportation rose at a slower pace. On a monthly basis, prices went up by 1.0 percent.
Friday January 29 2016
Russia Keeps Key Rate on Hold at 11%  
The Bank of Russia left its benchmark one-week repo rate unchanged at 11 percent on January 29th 2016 as another oil price slump sent the ruble to fresh record lows of 85 per USD last week thus increasing inflation risks. The inflation rate declined to 12.9 percent in December after being above 15 percent for most of 2015, but it is still far from the central bank's 4 percent target. The policymakers estimate annual inflation to drop below 7 percent as early as January 2017 so it reaches the target by late 2017. However, if inflation risks amplify, the Bank of Russia cannot rule out a tightening of its monetary policy.
Monday January 25 2016
Russia Unemployment Rate Steady at 5.8%  
Russian jobless rate was recorded at 5.80 percent in December of 2015, the same as in the previous month and remaining the highest since April of 2015. The number of unemployed people decreased marginally while economically active edged up slightly.
Friday January 15 2016
Russian Trade Surplus Narrows 33.3% in November  
Russia posted a USD 9.1 billion trade surplus in November of 2015, down from a USD 13.7 billion surplus a year earlier, as exports shrank 30.5 percent and imports 28.9 percent. It is the lowest trade surplus since August.
Tuesday January 12 2016
Russia Inflation Rate at 1-Year Low  
Consumer prices in Russia increased by 12.9 percent year-on-year in December of 2015, following a 15.0 percent growth in the previous month and below market expectations. It was the lowest reading since December of 2014.
Thursday December 17 2015
Russia Unemployment Rate at 7-Month High  
Russian jobless rate unexpectedly increased to 5.8 percent in November from 5.5 percent in October and above market expectations of 5.6 percent. It is the highest rate since April, as the number of unemployed people edged up while economically active declined.
Monday December 14 2015
Russian Trade Surplus Drops 32% in October  
Russia posted a USD 10 billion trade surplus in October of 2015, down from a USD 14.7 billion surplus a year earlier, as exports shrank 34 percent.
Friday December 11 2015
Russia Keeps Key Rate at 11%  
The Bank of Russia left its benchmark one-week repo rate unchanged at 11 percent on December 11th, 2015, recognizing growing inflation risks while the risks of economic cooling remained. However, policymakers signaled rate cuts in the next meetings, if inflation slows down in line with forecasts and on condition inflation risks recede.
Thursday December 10 2015
Russia Stays In Recession in Q3  
The Russian economy shrank for the fifth consecutive period by 0.57 percent on quarter in the three months to September of 2015, following an upwardly revised 1.3 percent drop in the previous period.
Thursday December 10 2015
Russian GDP Contraction Confirmed at 4.1% in Q3  
Russian economy shrank 4.1 percent year-on-year in the third quarter of 2015, in line with the preliminary estimates, following a 4.3 percent drop in the previous period, final figures showed.
Friday December 04 2015
Russian Inflation Rate at 10-Month Low  
Consumer prices in Russia increased by 15.0 percent year-on-year in November of 2015, following a 15.6 percent growth in the previous month, as cost of food, housing and transportation rose at a slower pace while clothing and footwear prices went up.
Thursday November 26 2015
Is Russian Economy Recovering?  
The fall in commodity prices and Western sanctions have been hurting Russian economy in the last year. And although the official government forecasts are pointing to the end of recession in 2016 and slowdown in inflation, there is a possibility that ongoing military operation in Syria and escalating conflict with Turkey may push the recovery further ahead.
Wednesday November 18 2015
Russia Unemployment Rate at 5-Month High  
Russian jobless rate unexpectedly increased to 5.5 percent in October from 5.2 percent in September and above market expectations of 5.4 percent. It is the highest rate since May as the number of unemployed people edged up while employed and economically active declined.
Thursday November 12 2015
Russian GDP Falls Less Than Expected in Q3  
The Russian economy shrank 4.1 percent year-on-year in the three months to September of 2015, preliminary estimates from the Federal Statistics Service showed. The economy contracted for the third straight quarter, marking the first recession since the financial crisis in 2009.
Thursday November 12 2015
Russia Trade Surplus Narrows in September  
Russia posted a USD 9.6 billion trade surplus in September of 2015, down from a USD 12.1 billion surplus a year earlier, as imports fell more than exports.
Thursday November 05 2015
Inflation in Russia Eases to 15.6% in October  
Consumer prices in Russia increased by 15.6 percent year-on-year in October of 2015, down from a 15.7 percent growth in the previous month, as cost of food, transportation and housing rose at a slower pace while clothing and footwear prices went up.
Friday October 30 2015
Russia Holds Key Rate at 11%  
The Bank of Russia left its benchmark one-week repo rate steady at 11 percent in October of 2015, saying the balance between inflation risks and weak growth remains unchanged. Yet, policymakers signaled they would lower rates in the next meetings if the inflation rate keeps slowing.
Monday October 19 2015
Russia Unemployment Rate at 10-Month Low  
Russian jobless rate decreased to 5.2 percent in September from 5.3 percent in August and below market expectations. It is the lowest rate since November of 2014 as the number of unemployed and economically active people decreased.
Monday October 12 2015
Russia Trade Surplus Lowest in 5 Years  
Russia posted a USD 8.7 billion trade surplus in August of 2015, down from a USD 16.2 billion surplus a year earlier, as exports fell more than imports. It is the lowest surplus since August of 2010.
Monday October 05 2015
Russian Inflation Rate Edges Down in September  
Consumer prices in Russia increased by 15.7 percent year-on-year in September of 2015, slightly down from a 15.8 percent growth in the previous month, as cost of food, transportation and housing rose at a slower pace.
Thursday September 17 2015
Russia Unemployment Rate at 5.3%  
The jobless rate in Russia was recorded at 5.3 percent in August of 2015, the same as in July, remaining one of the lowest in Europe.
Saturday September 12 2015
Russia Trade Surplus At Nearly 5-Year Low  
Russia posted a USD 10.7 billion trade surplus in July of 2015, down from a USD 17 billion surplus a year earlier. It is the lowest value since November of 2010.
Friday September 11 2015
Russia Leaves Monetary Policy Unchanged  
The Bank of Russia left its benchmark one-week repo rate on hold at 11 percent in September, following a 50bps cut in July, saying the ruble depreciation is having an upward impact on prices.
Tuesday September 08 2015
Russia Falls Deep into Recession  
The Russian economy shrank 2 percent on quarter in the three months to June of 2015, the worst performance since the 2009 crisis.
Tuesday September 29 2015
Russian GDP Contraction Confirmed at 4.6% in Q2  
Russian GDP shrank 4.6 percent year-on-year in the second quarter of 2015, in line with the preliminary estimates. It is the worst figure since the third quarter of 2009.
Friday September 04 2015
Russia Inflation Rate Rises to 15.8% in August  
Annual inflation rate in Russia increased to 15.8 percent in August of 2015 from 15.6 percent in the previous month. The number came above market expectation as prices of fruits and vegetables increased.
Wednesday August 19 2015
Russia Unemployment Rate Down to 5.3% in July  
Russian jobless rate decreased for the forth consecutive month to 5.3 percent in July from 5.4 percent in June. It is the lowest value since December of 2014 and below market expectations.
Tuesday August 11 2015
Russia Trade Surplus Narrows in June  
Russia posted a USD 13.78 billion trade surplus in June of 2015, down from a USD 13.95 billion surplus a year earlier.
Monday August 10 2015
Russian Economy Contracts 4.6% in Q2  
Russian GDP shrank 4.6 percent year-on-year in the second quarter of 2015 compared to a 2.2 percent decline in the previous three months, according to the preliminary estimate released by Rosstat. It is the largest contraction in six years, marking the first recession since the financial crisis in 2009.
Tuesday August 04 2015
Russia Inflation Rate Rises to 15.6% in July  
Annual inflation rate in Russia accelerated to 15.6 percent in July of 2015 from 15.3 percent in the previous month. The value was below market expectation but still broke the downward trend.
Friday July 31 2015
Russia Cuts Key Rate to 11%  
The Bank of Russia lowered its benchmark one-week repo rate by 50 bps to 11 percent on July 31st. It is the fifth straight cut aimed at boosting growth and despite a slight increase in the inflation risks.
Friday July 17 2015
Russia Unemployment Rate Down to 5.4% in June  
Russian jobless rate decreased for the third consecutive month to 5.4 percent in June from 5.6 percent in May. It is the lowest value since December of 2014 and below market expectations.
Friday July 10 2015
Russia Trade Surplus Narrows in May  
Russia posted a USD 15.31 billion trade surplus in May of 2015, down from a USD 17.93 billion surplus a year earlier.
Monday July 06 2015
Russia Inflation Rate Slows in June  
Annual inflation rate in Russia went down to 15.3 percent in June of 2015 from 15.8 percent in the previous month as rise in cost of food and housing eased.
Thursday June 18 2015
Russia Unemployment Rate Falls Again in May  
Russian jobless rate decreased for the second consecutive month to 5.6 percent in May from 5.8 percent in April.
Monday June 15 2015
Russian Economy Contracts 1.3% QoQ in Q1  
The Russian GDP shrank 1.29 percent on quarter in the first three months of 2015. The economy contracted for the third straight quarter, revised data from the statistical office showed.
Monday June 15 2015
Russian Economy Contracts More than Expected  
Russian GDP shrank 2.2 percent year-on-year in the first three months of 2015, worse than a 1.9 percent contraction previously reported. It is the first decline since the last quarter of 2009, final data from the statistical office showed.
Thursday June 11 2015
Russia Trade Surplus Narrows in April  
Russia posted a USD 15.04 billion trade surplus in April of 2015, down from a USD 19.99 billion surplus a year earlier.
Thursday June 04 2015
Russia Inflation Rate At 4-Month Low  
Annual inflation rate in Russia slowed to 15.8 percent in May of 2015 from 16.4 percent in the previous month as increase in cost of food and housing eased.
Friday May 22 2015
Russia Unemployment Rate Falls in April  
Russian jobless rate decreased for the first time in eight months to 5.8 percent in April from 5.9 percent in March.
Friday May 15 2015
Russian GDP Shrinks For The First Time in 6-Years  
The Russian economy contracted 1.9 percent year-on-year in the first three months of 2015, preliminary data from the statistical office showed. It is the first decline since the last quarter of 2009 prompted by a sharp drop in oil prices and sanctions imposed over the Ukraine crisis .
Tuesday May 12 2015
Russia Trade Surplus Narrows in March  
Russia posted a USD 14.98 billion trade surplus in March of 2015, down from a USD 19.62 billion surplus a year earlier.
Wednesday May 06 2015
Russia Inflation Rate Slows in April  
Russian annual inflation slowed for the first time in nine months to 16.4 percent in April from 16.9 percent in March. Figures came below market expectations due to lower cost of food and transport, after the ruble gained more than 10 percent against the USD during the month.
Thursday April 30 2015
Russia Lowers Key Rate to 12.5%  
The Bank of Russia cut its benchmark one-week repo rate by a bigger-than-expected 150bps to 12.5 percent in April. It is the third straight cut as inflationary pressures slowed while the economy is cooling.
Friday April 17 2015
Russia Unemployment Rate Edges Up in March  
Russian jobless rate increased for the seventh straight month to 5.9 percent in March from 5.8 percent in February.
Friday April 10 2015
Russia Trade Surplus Widens in February  
Russian trade surplus increased for the first time in four months year-on-year to USD 13.6 billion in February of 2015 from USD 12.5 billion a year earlier as the contraction in exports and imports slowed.
Thursday April 09 2015
Russian Economy Stalls for 2nd Straight Quarter  
The Russian GPD stagnated for the second consecutive quarter in the last three months of 2014 as a rebound in manufacturing was not enough to offset a drop in mining and construction.
Monday April 06 2015
Russia Inflation Rate Edges Up in March  
Russian consumer prices rose 16.9 percent year-on-year in March of 2015, following a 16.7 percent increase in February. Yet, monthly inflation slowed for the second straight month to its lowest since October last year.
Wednesday April 01 2015
Russia 2014 GDP Growth at 5-Year Low  
The Russian economy advanced 0.6 percent in 2014 down from 1.3 percent in 2013. It is the lowest growth rate since a 2009 recession.
Thursday March 19 2015
Russia Unemployment Rate at 2-Year High  
Russian jobless rate rose for the sixth straight month to 5.8 percent in February of 2015 from 5.5 percent in the previous month. It is the highest figure since February of 2013.
Friday March 13 2015
Russia Trade Surplus Narrows in January  
Russian trade surplus decreased to USD 15 billion in the first month of 2015 from a USD 18.7 billion surplus a year earlier as exports posted the biggest drop in more than five years.
Friday March 13 2015
Russia Cuts Key Rate to 14%  
Russian central bank lowered its benchmark one-week repo rate by 100 bps to 14 percent on March 13th, as "balance of risks is still shifted towards a more significant cooling of the economy". It is the second straight rate cut.
Thursday March 05 2015
Russia Inflation Rate Up to 13-Year High  
Russian annual inflation rate increased further to 16.7 percent in February of 2015 from 15 percent in the previous month, due to higher food cost. It is the highest figure since March of 2002 when it was recorded at 16.8 percent.
Wednesday February 18 2015
Russia Unemployment Rate Rises in January  
Russian jobless rate increased to 5.5 percent in January of 2015 from 5.3 percent in the previous period. The unemployment rate rose for the fifth straight month, reaching its highest since February when it was recorded at 5.6 percent.
Wednesday February 11 2015
Russia Trade Surplus at 3-Month Low  
Russian trade surplus shrank 24 percent to USD 12.93 billion in December of 2014 after declining 25 percent a month earlier.
Thursday February 05 2015
Russia Inflation Rate Up to 15%  
Russian annual inflation rate accelerated for the sixth consecutive month to 15 percent in January of 2015 from 11.4 percent in December. It is the highest rate in more than six years as a weak rouble has been pushing import prices up.
Friday January 30 2015
Russia Cuts Key Rate to 15%  
Central bank of Russia surprisingly cut its benchmark one-week repo rate by 200 bps to 15 percent in January, saying inflation is expected to fall in mid-2015 while the economy is cooling. The move was quite unexpected and follows a 650 bps increase in December.
Wednesday January 28 2015
Russia Unemployment Rate at 8-Month High  
Russian jobless rate increased for the fourth consecutive month to 5.3 percent in December of 2014 from 5.2 percent in the previous month, reaching the highest since April.
Friday January 16 2015
Russia Trade Surplus Shrinks in November  
Russian trade surplus narrowed 21.4 percent year-on-year to USD 13.4 billion in November of 2014, as exports declined the most in five years.
Monday January 12 2015
Russia Inflation Rate at 5-Year High  
Russian annual inflation rate increased to 11.4 percent in December of 2014 from 9.1 percent in the previous month, mainly driven by higher food cost. It is the highest rate since August of 2009.
Wednesday December 17 2014
Russia Unemployment Rate Edges Up to 5.2%  
Russian jobless rate increased to 5.2 percent in November of 2014 from 5.1 percent in the previous month, above market expectations.
Monday December 15 2014
Russia Raises Key Rate to 17%  
Central Bank of Russia hiked its benchmark interest rate by 650 basis points to 17 percent, effective December 16th. It was the biggest increase since 1998 default, aimed at limiting ruble depreciation and inflation risks.
Friday December 12 2014
Russian Economy Stalls in Q3  
The Russian GPD posted zero growth in the three months to September, following a revised 0.14 percent expansion in the previous period, as a rise in internal trade and real estate activities was not enough to offset a drop in manufacturing.
Friday December 12 2014
Russia Trade Surplus Widens in October  
Russian trade surplus increased 6.2 percent year-on-year to USD 13.6 billion in October of 2014 as imports keep falling at a faster pace than exports.
Thursday December 11 2014
Russia GDP Growth Confirmed at 0.7% in Q3  
The Russian economy advanced 0.7 percent year-on-year in the third quarter of 2014, matching preliminary estimates from the Federal Statistics Office. Growth was mainly driven by the manufacturing and transport sectors.
Thursday December 11 2014
Russia Raises Key Rate to 10.5%  
Russian central bank raised its benchmark one-week repo rate for the second straight meeting by 100 bps to 10.5 percent, aiming to fight inflation and support the ruble. Policymakers also cut growth forecasts sharply due to lower oil prices.
Thursday December 04 2014
Russia Inflation Rate Up to 9.1%  
Russian annual consumer prices rose to 9.1 percent in November of 2014 from 8.3 percent in October of 2014 as cost of food and services continue to increase. It is the highest rate since June of 2011.
Friday November 21 2014
Russia Unemployment Rate Up to 5.1%  
Russian jobless rate increased for the second consecutive month to 5.1 percent in October of 2014 from 4.9 percent in September, above market forecasts.
Thursday November 13 2014
Russia GDP Growth Beats Expectations  
The Russian economy advanced 0.7 percent year-on-year in the third quarter of 2014, down from a 0.8 percent expansion reported from April to June, according to the preliminary figures from the Federal Statistics Office. The number came well above market expectations and the central bank estimate of 0.2 percent.
Tuesday November 11 2014
Russia Trade Surplus Narrows 19%  
Russian trade surplus decreased to USD 12.95 billion in September of 2014 from a USD 16 billion surplus a year earlier, as exports declined to the lowest value in seven months.
Wednesday November 05 2014
Russia Inflation Rate Rises Further  
Russian annual inflation rate accelerated for the third straight month to 8.3 percent in October of 2014 from 8 percent in September. Yet, monthly inflation recorded the highest rate in five months.
Friday October 31 2014
Russia Raises Key Rate to 9.5%  
Russian central bank decided to increase the one-week repo rate by 150 bps to 9.5 percent on October 31st citing high inflation. Since the beginning of 2014, the benchmark interest rate rose four times by a total 400 bps.
Friday October 17 2014
Russia Unemployment Rate Edges Up in September  
Russian jobless rate increased to 4.9 percent in September of 2014 from 4.8 percent in the previous month. It is the first increase since November last year, matching market forecasts.
Friday October 10 2014
Russia Trade Surplus Widens in August  
Russian trade surplus increased slightly to USD 15.85 billion in August of 2014 from USD 14.17 billion a year earlier. Yet, imports recorded the highest annual loss since December of 2009.
Friday October 03 2014
Russia Inflation Rate Up to 3-Year High  
Russian consumer prices rose by an annual 8 percent in August of 2014 compared with a 7.6 percent increase in July. The inflation rate accelerated for the second straight month to its highest since August of 2011.
Monday September 29 2014
Russian Economy Advances 0.25% in Q2  
Russian GDP advanced 0.25 percent on quarter in the April to June period. Growth figures for the first three months of 2014 were revised to show the economy stalled instead of a previously reported 0.3 percent contraction.
Wednesday September 17 2014
Russia Unemployment Rate Down to 4.8% in August  
Russian jobless rate fell to 4.8 percent in August of 2014 from 4.9 percent in the previous three months.
Friday September 12 2014
Russia Leaves Monetary Policy Unchanged  
At its September 12th, 2014 meeting, Russian central bank decided to leave its benchmark one-week repo rate steady at 8 percent, as the current monetary policy stance is expected to bring inflation down to 4 percent in the medium run.
Thursday September 11 2014
Russian Trade Surplus at 3-Month High  
Russian trade surplus widened to USD 17.07 billion in July of 2014 from USD 13.45 billion a year earlier, driven by higher exports to countries outside the Commonwealth of Independent States.
Thursday September 04 2014
Russia Inflation Rate Edges Up to 7.6%  
Russian annual inflation rate accelerated slightly to 7.6 percent in August from 7.5 percent in July.
Tuesday August 19 2014
Russia Unemployment Rate Unchanged in July  
Russian jobless rate remained stable at 4.9 percent for the second straight month in July of 2014. It is the lowest rate in more than eleven years.
Monday August 11 2014
Russia Trade Surplus Deteriorates Sharply in June  
Russian trade surplus narrowed 24 percent to USD 13.97 billion in June of 2014 from USD 18.28 billion reported in previous month as exports decreased 8 percent and imports grew 3 percent.
Monday August 11 2014
Russia's GDP Growth Slows to 0.8% in Q2  
Russia’s economy expanded 0.8 percent year-on-year in the first three months of 2014, slightly below 0.9 percent increase in the previous quarter, preliminary data from the Federal Statistics Service showed.
Monday August 04 2014
Russia Inflation Rate Decelerates Slightly in July  
Russian annual consumer inflation declined to 7.5 percent in July of 2014 from 7.8 percent in the previous month, driven mostly by lower cost of electricity, gas and other fuels.
Friday July 25 2014
Russia Raises Key Rate to 8%  
Russian central bank hiked its benchmark one-week repo rate by 50 bps to 8 percent on July 25th, aiming to curb high inflation caused by geopolitical tensions. Policymakers also said that the interest rates could rise further if high inflation risks persist.
Thursday July 17 2014
Russia Unemployment Rate Stable at 4.9%  
In June of 2014, Russian jobless rate was recorded at 4.9 percent, unchanged from the previous month. A year earlier, unemployment was recorded at 5.4 percent.
Friday July 11 2014
Russia Trade Surplus Narrows in May  
Russian trade surplus narrowed 7.8 percent over the previous month to USD 18.28 billion in May of 2014, as exports fell for the first time in three months. Compared with the same month of 2013, the trade surplus widened 25 percent, due to a surge in exports to the Commonwealth of Independent States countries.
Friday July 04 2014
Russia Inflation Rate Rises Further in June  
Russian annual consumer prices accelerated for the fifth straight month in June to its highest since August of 2011. The inflation rate rose to 7.8 percent, following a 7.6 percent increase in the previous month, driven by higher food and utility cost.
Thursday July 03 2014
Russian GDP Contracts 0.3% QoQ in Q1  
The Russian economy shrank 0.3 percent quarter-on-quarter in the first three months of 2014, following a revised 0.3 percent expansion in the previous two quarters. It is the first contraction in five quarters, as production in nearly all main sectors of the economy decreased.
Friday June 20 2014
Russia Unemployment Rate Down to 11-Year Low  
Russian jobless rate fell to 4.9 percent in May of 2014, the lowest rate since January of 1993. Unemployment decreased for the third straight month from 5.3 percent in April. A year earlier, unemployment reached 5.2 percent of the workforce.
Monday June 16 2014
Russia Leaves Monetary Policy Unchanged  
At its June 16th, 2014 meeting, Central Bank of Russia left its benchmark one-week repo rate on hold at 7.5 percent, following a 50 bps increase last meeting. Policymakers cited concerns over high inflation and hinted future rate hikes in case existing inflation risks materialize.
Wednesday June 11 2014
Russia Trade Surplus at 2-Year High  
Russian trade surplus increased to USD 19.8 billion in April of 2014 from USD 19.7 billion in the previous month and USD 14.2 billion a year earlier. It is the highest surplus since February of 2012 as exports grew at its fastest annual pace in twenty five months.
Wednesday June 04 2014
Russia Inflation Rate Rises To Nearly 3-Year High  
Russian annual consumer inflation accelerated for the fourth straight month to 7.6 percent in May of 2014 from 7.3 percent in the previous month, driven by higher food prices.
Thursday May 22 2014
Russia Unemployment Falls to 5.3%  
Russian jobless rate dropped for the second consecutive month to 5.3 percent in April of 2014 from 5.4 percent in March.
Thursday May 15 2014
Russian Economy Advances 0.9% in Q1  
Russia’s GDP expanded 0.9 percent year-on-year in the first three months of 2014, down from a 2 percent increase in the previous quarter. It is the lowest growth rate in five quarters, hurt by a fall in investment.
Monday May 12 2014
Russia Trade Surplus Widens In March  
Russian March foreign trade surplus increased to USD 19.71 billion from USD 12.43 billion in February, boosted by a surge in exports. A year earlier, the country posted a USD 15.66 billion surplus.
Tuesday May 06 2014
Russia Inflation Rate Accelerates in April  
Russian consumer prices increased 7.3 percent in April from 6.9 percent in March, driven by higher food, electricity and gas prices.
Friday April 25 2014
Bank of Russia Raises Key Lending Rate to 7.5%  
Central bank of Russia unexpectedly raised its one-week minimum auction repo rate by 50 basis points to 7.5 percent citing greater than expected impact of rouble devaluation on inflation.
Thursday April 17 2014
Russia Unemployment Drops in March  
Russian jobless rate fell for the first time in four months to 5.4 percent, after remaining stable at 5.6 percent in the previous two months.
Wednesday April 16 2014
Russia GDP Growth Slows Sharply in Q1  
Russian economy advanced an annual 0.8 percent in the first quarter of 2014, well below the 2 percent expansion recorded in the previous three-month period, Russia's Economy Minister Alexei Ulyukayev said addressing the parliament.
Friday April 11 2014
Russia Trade Surplus Narrows Sharply in February  
Russian trade surplus decreased 34 percent in February of 2014 over the previous month to USD 12.43 billion, mainly due to a sharp fall in exports to countries outside the Commonwealth of Independent States. Compared with the same month last year, the surplus narrowed 18.5 percent.
Monday April 07 2014
Russian Economy Accelerates in Q4  
In the fourth quarter of 2013, Russian GDP advanced a seasonally adjusted 0.9 percent over the previous quarter. Considering full 2013, the economy expanded 1.3 percent.
Friday April 04 2014
Russia Inflation Rate Up to 9-Month High  
In March of 2014, Russian annual inflation rate rose for the second straight month to 6.9 percent, up from 6.2 percent in February, driven by higher cost of milk, fruit, electricity and gas.
Tuesday April 01 2014
Russian GDP Growth Beats Expectations in Q4  
The Russian economy advanced at a faster than expected 2 percent year-on-year in the last three months of 2013, up from a revised 1.3 percent expansion in the previous period. GDP growth in 2013 as a whole was 1.3 percent.
Thursday March 20 2014
Russia Unemployment Rate Unchanged at 5.6%  
In February of 2014, Russian jobless rate remained steady at 5.6 percent, the same rate recorded in the previous two months.
Friday March 14 2014
Russia Trade Surplus Up to 2-Year High  
In the first month of 2014, Russian trade surplus widened to USD 18.86 billion, up from USD 15.8 billion a month earlier and USD 17.21 billion in the same month last year, as imports dropped to the lowest value in three years.
Friday March 14 2014
Russia Leaves Rate on Hold at 7%  
At its March 14th, 2014 meeting, Bank of Russia decided to leave the benchmark interest rate unchanged at 7 percent, as inflation risks that brought about an increase in the key rate on March 3rd still apply. The central bank said it does not intend to lower the key rate in the coming months, as its priority is to contain the effect of exchange rate dynamics on consumer prices.
Tuesday March 04 2014
Russia Inflation Rate Edges Up Slightly in February  
Russian annual inflation rate rose slightly to 6.2 percent in February of 2014, from 6.1 percent in the previous month, boosted by higher food and electricity cost.
Monday March 03 2014
Bank of Russia Raises Rates  
Central Bank of Russia decided on March 3rd to temporarily raise interest rates by 1.5 percentage points due to an increased risk to financial stability and inflation.
Wednesday February 19 2014
Russian Unemployment Rate Stable in January  
In January of 2014, Russian jobless rate remained steady at 5.6 percent, after rising by 0.2 percent in December.
Friday February 14 2014
Bank of Russia Leaves Rates on Hold  
At its February 14th, 2014 meeting, the Bank of Russia Board of Directors decided to maintain the benchmark key rate at 5.5 percent, as the inflation is expected to be close to the target level by the end of 2014 amid slow economic growth. But the central bank also noticed that it would raise rates if the weakening rouble causes inflation to rise above mid-term targets.
Tuesday February 11 2014
Russia Trade Surplus Narrows in December  
In December of 2013, Russian trade surplus decreased to USD 15.79 billion, as imports surged to a new record high. In November, the surplus had widened to a 10-month high.
Wednesday February 05 2014
Russia Inflation Rate Slows in January  
In January of 2014, Russian inflation rate slowed to an annual 6.1 percent, after remaining steady at 6.5 percent in the previous two months, mainly due to lower food prices.
Monday January 27 2014
Russia Unemployment Rises to 8-Month High in December  
In December of 2013, Russian jobless rate increased to 5.6 percent from 5.4 percent in November. A year ago, unemployment was recorded at 5.3 percent.
Friday January 17 2014
Russia Trade Surplus Widens in November  
In November of 2013, Russian trade surplus increased 12.8 percent yoy to USD 16.5 million, as exports surged after a fall in October.
Tuesday December 31 2013
Russian Inflation Stable At 6.5% in December  
In December, Russia’s annual CPI edged up to 6.5 percent, unchanged from November. On a monthly basis, prices rose 0.5 percent, down from 0.6 percent in the previous month.
Tuesday December 31 2013
Russian GDP Confirmed Up by 1.2% In Q3  
In the third quarter of 2013, Russia's economy expanded by 1.2 percent over the same quarter of the previous year, in line with the preliminary release and the same growth rate as in the previous three-month period.
Wednesday December 18 2013
Russia Unemployment Rate Slightly Falls in November  
In November of 2013, Russian jobless rate decreased for the first time in four months to 5.4 percent, from 5.5 percent in October. The number of unemployed people remained unchanged at 4.1 million.
Friday December 13 2013
Russia Monetary Policy Unchanged in December  
Russian Central Bank decided on December 13th to keep its key interest rate on hold at 5.5 percent as growth remains low and inflation expectations are pressured by food price increase.
Thursday December 12 2013
Russia Trade Surplus Narrows to 14-Month Low  
In October of 2013, Russian trade surplus decreased to USD 13.19 billion, the lowest value since August last year. Russian exports have been hurt by lower demand and a fall in commodities’ prices.
Thursday December 05 2013
Russian Inflation Rate Accelerates in November  
In November of 2013, Russia’s annual CPI edged up to 6.5 percent, from 6.3 percent in October. On a monthly basis, prices rose 0.6 percent, the same rate recorded in the previous period.
Wednesday November 20 2013
Russia’s Unemployment Rate Up to 5.5% in October  
In October, Russian unemployment rate was reported at 5.5 percent, up from 5.3 percent in the previous month. The number of unemployed people increased to 4.1 million, from 3.99 million in September.
Tuesday December 10 2013
Russian Economy Expands 1.2% YoY in Q3  
In the third quarter of 2013, Russia's GDP increased 1.2 percent on an annual basis, the same growth rate as in the previous three-month period.
Monday November 11 2013
Russia Trade Surplus Slightly Narrows in September  
In September of 2013, Russia’s trade surplus decreased to 15.7 billion USD, slightly down from 15.74 billion USD a year earlier. Both exports and imports were up, but purchases grew at a faster pace.
Friday November 08 2013
Bank of Russia Keeps Rates Unchanged  
In its November 8th meeting, Bank of Russia decided to leave the one-week auction repo rate at 5.5 percent. The decision was based on inflation risks and sluggish economic growth. The overnight rate remained unchanged at 6.5 percent.
Wednesday November 06 2013
Russia's Inflation Rate Up to 6.3% in October  
In October, Russian annual inflation rate accelerated to 6.3 percent, from 6.1 percent in September, mainly due to a rise in food cost.
Thursday October 17 2013
Russian Unemployment Rate Up to 5.3% in September  
In September of 2013, Russian jobless rate went up to 5.3 percent, from 5.2 percent in August. The number of unemployed people increased to 3.99 million persons, from 3.96 million in the previous month.
Monday October 14 2013
Bank of Russia Leaves Rates on Hold  
Bank of Russia decided on October 14th to maintain the one-week auction repo rate, its key rate introduced last month at 5.5 percent. Decelerating inflation rate and slower economic growth influenced the decision. The overnight rate remained unchanged at 6.5 percent.
Friday October 11 2013
Russia Trade Surplus Widens in August  
In August of 2013, Russian trade surplus increased to 13.8 billion USD, from 11.3 billion a year earlier. The improvement is due to falling imports (-5.3 percent, year-on-year) while exports grew by 2.3 percent.
Friday October 04 2013
Russia Inflation Decelerates to 6.1% in September  
In September of 2013, Russian annual inflation decelerated to 6.1 percent, the lowest rate in 13 months, mainly due to a sharp drop in housing cost. From August to July, prices went up by 0.2 percent, after rising 0.1 percent in the previous month.
Tuesday October 01 2013
Russian Economy Continues To Contract in Q2  
In the second quarter of 2013, Russian GDP shrank by a seasonally adjusted 0.26 percent over the previous quarter, after contracting by 0.25 percent in the first three months of 2013. The rebound in mining was not enough to offset the drop in manufacturing.
Wednesday September 18 2013
Russian Unemployment Rate Falls to 5.2% in August  
In August of 2013, Russian jobless rate fell for the third consecutive month to 5.2 percent, from 5.3 percent in July. The number of unemployed people decreased to 3.96 million from 4.01 million in the previous month.
Friday September 20 2013
Bank of Russia Keeps Key Rates on Hold; Cuts Overnight Rate  
Bank of Russia decided on September 13th to leave the benchmark interest rate unchanged at 8.25 percent for the twelfth consecutive month, citing risks to low economic growth. It also decided to cut the overnight rate to 6.5 percent from 8.25 percent.
Wednesday September 11 2013
Russian Trade Surplus Widens in July Over a Year Earlier  
In July of 2013, Russian trade surplus increased to 13.3 billion USD, from 11.5 billion USD a year earlier. Exports increased for the second month in a row by 5.5 percent year-on-year, boosted by shipments to the non-CIS countries.
Wednesday September 04 2013
Russian Inflation Rate Steady at 6.5% in August  
In August of 2013, Russian annual inflation remained stable at 6.5 percent. From July to August, prices eased to 0.1 percent, from 0.8 percent recorded in the previous period, mainly due to a drop in food prices.
Tuesday August 20 2013
Russian Unemployment Down to 5.3% in July  
In July, Russia's unemployment was down to 5.3 percent from 5.4 percent both in the previous month and in July of 2012. The number of unemployed decreased to 4.01 million people from 4.09 million in the previous month.
Friday August 09 2013
Russia's Economic Growth Slows Down in Q2  
In the second quarter of 2013, Russia's gross domestic product expanded 1.2 percent compared with the same period of the previous year, down from 1.6 percent registered in Q1.
Friday August 09 2013
Russian Trade Surplus Narrows in June  
In June, Russia's trade surplus fell to $13.7 billion from $15 billion in the previous month and $13.9 billion in June of 2012. This is due to a higher increase in imports than that of shipments.
Friday August 09 2013
Bank of Russia Keeps Monetary Policy Unchanged in August  
In its August 9th meeting, the Bank of Russia left its benchmark interest rate unchanged at 8.25 percent for a eleventh month in a row. The committee warned of risks to economic growth and predicted that inflation would return to its target range during the second half of the year.
Monday August 05 2013
Russian Inflation Rate Down to 6.5% in July  
In July of 2013, Russian annual inflation rate slowed for the second month in a row to 6.5 percent, from 6.9 percent in June, as food prices eased. From June to July, prices accelerated to 0.8 percent, from 0.4 percent recorded in the previous month.
Wednesday July 17 2013
Russian Unemployment Rate Up to 5.4% in June  
In June, Russia's unemployment was up to 5.4 percent from 5.2 percent in May but was unchanged when compared with June of 2012. The number of unemployed increased to 4.10 million people from 3.90 million in the previous month.
Friday July 12 2013
Bank of Russia Leaves Key Policy Rates Unchanged in July  
In its July meeting, the Bank of Russia left its benchmark interest rate unchanged at 8.25 percent for a eleventh month. The Bank also introduced auctions for loans secured against non-market assets and guarantees. The decision was supported by the assessment of inflation risks and low economic growth prospects.
Thursday July 04 2013
Russian Inflation Rate Down to 6-Month Low in June  
In June of 2013, Russian annual inflation rate eased to 6.9 percent from 7.4 percent in May due to lower food prices. On the month-over-month basis, inflation rate went up by 0.4 percent, down from 0.7 percent in the previous month.
Thursday July 11 2013
Russian Trade Surplus Narrows in May  
Russia's trade surplus fell 13.3 percent year-on-year to $15 billion in May but was up from $14.23 billion in the previous month. Both exports and imports were down compared to May of 2012.
Monday July 01 2013
Russian Economy Contracts 0.1% QoQ in Q1  
In Q1 of 2013, seasonally adjusted Russian GDP fell 0.1 percent quarter-on-quarter, down from an expansion of 0.6 percent in Q4 of 2012. This contraction reflects a sharp drop in investment and a deterioration in external trade.
Monday June 24 2013
Russia Unemployment Rate Down to 5.2% in May  
In May, Russia unemployment rate was recorded at 5.2 percent, down 0.4 percentage points from 5.6 percent reported in April, and 0.2 percentage points from 5.4 percent in May 2012. In the same period, the number of unemployed decreased to 3.90 million from 4.18 million in April and from 3.99 million in May of 2012.
Monday June 17 2013
Russia GDP Growth Confirmed at 1.6% YoY in Q1  
Russian economy grew by 1.6 percent yoy in the first quarter of 2013, the lowest expansion since the fourth quarter of 2009, the Federal Statistics Office confirmed on June 17th. The slowdown was mostly caused by a decline in the mining sector, while services recorded a solid growth.
Monday June 10 2013
Russia's Trade Surplus Narrows in April  
Russia's trade surplus fell to $14.2 billion in April from $16.1 billion the previous month as exports declined slightly and imports increased.
Monday June 10 2013
Russia Keeps Key Policy Rates Unchanged in June  
The Bank of Russia left its main interest rates unchanged for a tenth month and eased the cost of some term lending to banks to bolster liquidity in the interbank system.
Tuesday June 04 2013
Russia’s Annual Inflation Rate Accelerates to 7.4% in May  
Russia´s consumer prices quickened to 7.4 percent in May from 7.2 percent registered in the previous month, the fastest pace since August of 2011. The increase was driven mostly by rises in the cost of services and food. On the month-over-month basis, inflation rate went up by 0.7 percent after rising 0.5 percent in the previous period.
Monday August 19 2013
Russian Economy May Slow Further in 2013  
Russia's economic growth has been anemic since the first quarter of 2012. Dependence on oil exports, weak environment for investments, aging population and corruption are making the economy unlikely to gain momentum any time soon.
Friday May 24 2013
Russia Unemployment Rate Down To 5.6% In April  
In April, Russia unemployment rate was recorded at 5.6 percent, down 0.1 percentage points from 5.7 percent reported in March. In the same period, the number of unemployed decreased to 4.18 million from 4.25 million in March of 2013 and from 4.20 million in April of 2012.
Tuesday May 21 2013
Russia Economy Expands 1.6% YoY in Q1  
In the first quarter of 2013, Russia´s GDP grew 1.6 percent yoy, the smallest expansion since the fourth quarter of 2009, hurt by lower demand for commodity exports and drop in investment.
Monday May 20 2013
Bank Of Russia Maintains Benchmark Interest Rate Unchanged  
On May 15th, the Board of Directors of the Bank of Russia decided to maintain unchanged the refinancing rate and the interest rates on the Bank of Russia main liquidity provision and absorption operations and to reduce effective from 16 May 2013 the interest rates on certain longer-term operations by 0.25 percentage points.
Tuesday May 07 2013
Russia Inflation Rate Up to 7.2% In April  
Russia's annual inflation rate went up to 7.2 percent in April from 7.0 percent recorded in the previous month. The consumer price index rose by 0.5 percent month-on-month in April after rising 0.3 percent in the previous period, according to a release from the Federal Statistics Service.
Wednesday April 17 2013
Russia Unemployment Rate Down to 5.7% in March  
Russia unemployment rate was reported at 5.7 percent of the economically active population according to a report by the Rosstat. The unemployment rate decreased 0.1 percentage points in March of 2013 from 5.8 percent in February and decreased 0.8 percentage points from 6.5 percent a year earlier.
Wednesday April 10 2013
Russia Trade Surplus Narrows in February  
In February of 2013, the Russian trade surplus fell to $13.74 billion from $17.74 billion in January of 2012 according to a release from the Central Bank of Russia.
Thursday April 04 2013
Russia Inflation Rate Down to 7.0% in March  
Russia's Annual inflation slowed to 7.0 percent in March from 7.3 percent in the previous month. The consumer price index rose by 0.3 percent month-on-month in March after rising 0.6 percent in the previous period, according to a release from the Federal Statistics Service.
Tuesday April 02 2013
Russia Economic Growth Slows Down in Q4  
Russia's gross domestic product expanded 1.8 percent on the quarter, down from 2.7 percent for the same period of 2011. Year-on-year, GDP rose 2.1 percent, slowing from an upwardly revised 3 percent in the third quarter, according to the Federal Statistics Service.
Tuesday April 02 2013
Bank of Russia Keeps Benchmark Rate Unchanged, Long-Term Rates Cut  
The Board of Directors of the Bank of Russia decided to maintain unchanged the refinancing rate and the interest rates on the Bank of Russia main liquidity provision and absorption operations and to reduce the interest rates on certain longer-term refinancing operations by 0.25 percentage points.
Wednesday March 20 2013
Russia Unemployment Rate Down to 5.8 Percent in February  
Russia unemployment rate was reported at 5.8 percent of the economically active population according to a report by the Rosstat. Russia's unemployment rate decreased 0.2 percentage points in February of 2013 from 6.0 in January of 2013 and decreased 0.7 percentage points from 6.5 percent in February of 2012.
Friday March 15 2013
Russia Central Bank Leaves All Policy Rates Unchanged  
According to the Bank of Russia External and Public Relations Department, the Board of Directors of the Bank of Russia decided to maintain the refinancing rate and the interest rates on the Bank of Russia operations unchanged in March of 2013. The decision was supported by the assessment of inflation risks and economic growth prospects.
Friday May 24 2013
Russia's Economy Showing Signs of Slowdown  
Recent updates for Russia indicate the economy is cooling down. In the first quarter of 2013, the GDP grew 1.6 percent yoy, the smallest expansion since the fourth quarter of 2009, hurt by lower demand for commodity exports and drop in investment.
Tuesday March 05 2013
Russia Trade Surplus Widens in January  
In January of 2013, the Russian trade surplus rose to $18.69 billion from $17.13 billion in December of 2012 according to a release from the Central Bank of Russia.
Tuesday March 05 2013
Russia Inflation Rate Rises to 7.3 Percent in February  
Russian inflation rate rose to 7.3 percent year-on-year in February of 2013, up from 7.1 percent in January of 2013. In monthly terms, prices rose 0.6 percent according to a release from the National Statistics Institute.
Tuesday February 19 2013
Russia Unemployment Rate Up to 6.0 Percent in January  
Russia unemployment rate was reported at 6.0 percent of the economically active population according to a report by the Rosstat.
Tuesday February 12 2013
Russia Interest Rate Unchanged in February  
According to the Bank of Russia External and Public Relations Department, the Board of Directors of the Bank of Russia decided to maintain the refinancing rate and the interest rates on the Bank of Russia operations unchanged in February of 2013
Tuesday February 12 2013
Russia Trade Surplus Widens in December  
Russia December of 2012 trade surplus rose to $17.1 billion from $15.36 billion in November according to a release from the Central Bank of Russia.
Tuesday February 05 2013
Russia Inflation Rate Up to 7.1 Percent in January  
Russian inflation rate rose to 7.1 percent year-on-year in January of 2013, up from 6.6 percent in December of 2012. In monthly terms, prices rose 1 percent, according to a release from the National Statistics Institute.
Friday January 25 2013
Russia Unemployment Rate Down to 5.3% in December  
Russia unemployment rate was reported at 5.3% of the economically active population according to a report by the Rosstat.
Tuesday January 15 2013
Russia Interest Rate Unchanged in January  
The Bank of Russia External and Public Relations Department informs that on 15 January 2013 the Board of Directors of the Bank of Russia Decided to Maintain the refinancing rate and the Interest rates on the Bank of Russia Operations unchanged.
Monday January 14 2013
Russia Inflation Rate at 6.6 Percent in December  
Russian inflation rate rose to 6.6 percent year-on-year in December, up from 6.5 percent in November. In monthly terms, prices rose 0.5 percent.
Wednesday December 19 2012
Russia Unemployment Rate Up to 5.4% in November  
Russia unemployment rate was reported at 5.4% of the economically active population according to a report by the Rosstat
Thursday December 13 2012
Russia Trade Surplus Narrows in October  
According to the numbers published by the Central Bank of Russia, the trade balance (set at $14.5 billion) decreased by 15.4% when compared with September and by 12.5% when compared with October 2011.
Tuesday December 11 2012
Russa's GDP Growth Slows Down in Q3  
Russia's gross domestic product growth slowed to 2.9% on year compared with a 5% growth seen in the same period a year ago. Quarter-on-quarter, GDP grew 0.6 in the three months from July to end-September, down from 1.8% for the same period of 2011.
Tuesday December 11 2012
Russia Inflation Rate at 6.5% in November  
Russia's consumer prices rose 6.5 percent year-on-year in November, unchanged from October. In monthly terms, prices rose 0.3 percent.
Tuesday December 11 2012
Russia's Central Bank Narrows Interest Rate Corridor  
On 10 December 2012, the Board of Directors of the Bank of Russia raised the interest rates on the fixed-term deposit operations by 0.25 percentage points, reduce the interest rate on the rouble leg of the Bank of Russia FX swap transactions by 0.25 percentage points and maintain the refinancing rate and the interest rates on the other Bank of Russia operations unchanged.
Tuesday December 11 2012
Russia Unemployment Rate up to 5.3% in October  
Russia's unemployment rate increased slightly in October from a record-low of 5.2 percent recorded in September of 2012.
Thursday November 17 2011
Russian GDP Up 4.8% in Q3  
Russia's GDP grew 4.8 percent in the third quarter this year, the state statistics agency Rosstat said on November 14th.
Monday May 16 2011
Russian Economic Growth Slows  
Russia's gross domestic product (GDP) has grown 4.1 percent year-on-year in the first quarter of 2011, the Federal Statistics Service (Rosstat) said on May 16.
Saturday November 13 2010
Russia Q3 GDP Growth Pace Lags Other Emerging Economies  
Russia's gross domestic product (GDP) growth slowed to 2.7% in the third quarter, setting the country further apart from other major emerging economies.
Saturday May 15 2010
Russia's Economy Remains Vulnerable  
Highly dependent on oil prices, Russia was extremely vulnerable during the recent global economic downturn.  In fact, the Russian Federation went through its worst recession in 15 years, shrinking almost 8% in 2009. Yet, the recent surge in energy price, various stimulus programs and low interest rates made Russia grew 2.9% in the first quarter of 2010. But will Russia be able to sustain this expansion in the long run?
Monday February 01 2010
Russia Suffered Record Contraction in 2009  
Russia’s economy shrank the most on record in 2009 after the price of oil slumped 77 percent from peak to trough and left businesses to start the year trying to adjust to smaller profits as banks cut off credit.
Thursday November 12 2009
Russian Economic Decline Eased Last Quarter  
Russia’s economic decline eased last quarter from a record slump in the previous three months as oil, gas and metals prices rebounded and stimulus measures helped offset the impact of the global recession.
Tuesday October 20 2009
Russian Economy Exited Recession in Q3  
Russia emerged from recession last quarter, after the world’s largest energy exporter benefited from a resurgence in commodity demand that helped lift industrial output.
Tuesday August 11 2009
Russia GDP Shrank 10.9% in Q2  
Russia’s economy contracted the most on record last quarter as rising unemployment sapped consumer demand, bank lending stalled and the government failed to approve a stimulus package until just two months ago.
Wednesday June 17 2009
Russian Government Is Not Without blame for the Recession  
The Russian economy contracted by 9.8% yoy in the first three months of 2009, after a 1.2% GDP yoy growth in the last quarter of 2008. And although in May the pace of decline seemed to be slowing down, at Trading Economics we don’t expect Russia’s GDP to be back into positive territory any time soon.
Thursday June 11 2009
Russian GDP Shrank 9.8% in Q1  
Russia’s economy contracted the most in 15 years in the first quarter after industrial production plunged and the government’s 3 trillion rubles ($97 billion) in stimulus spending failed to boost companies and banks.
Monday May 18 2009
Russian Government Is Not Without blame for the Recession  
The Russian economy contracted by 9.5% yoy in the first three months of 2009, after a 1.2% GDP yoy growth in the last quarter of 2008. What is behind this unprecedented drop? Could Russia have been better prepared for the downturn?
Friday May 15 2009
Russian Economy Contracted 23% in First Quarter  
Russia’s economic output plummeted 23 percent in the first quarter from the previous three months as industrial production plunged and the government’s 3 trillion- ruble ($93.5 billion) stimulus package failed to boost lending.
Wednesday February 11 2009
Russian Government Policy May Not be Right  
The global financial crisis has triggered a sudden drop in commodity prices and the once "untouched" Russian economy is now in the brink of a severe recession. Could Russia have been better prepared for the downturn? If yes, what measures could have been taken to soften the economic deterioration?
Saturday November 29 2008
Is Russia on the Brink of Collapse?  
Not a long time ago, with flowing foreign investments and rising oil prices, Russia’s economic growth outlook was startling. Yet, it didn't last that long. The global economic crisis which leads to a sharp drop in commodity prices is now endangering Russia’s ambition to become an economic power.
Tuesday November 04 2008
Crude Oil Rebounds  
Crude oil rose, recovering earlier losses, as global stock indexes advanced on better-than-expected company results.
Monday October 06 2008
Russian Inflation Rate Unchanged at 15% in September  
Russia's inflation rate was unchanged at 15 percent in September as vegetable and fuel prices decreased and meat prices rose, the Federal Statistics Service said.
Wednesday September 17 2008
Ruble Gains on Bank Loan  
Russia's ruble gained for a second day against the dollar-euro basket after the Finance Ministry said it will offer banks a loan to boost liquidity and on speculation the central bank was selling reserves to prop up the currency amid falls on the equity market.
Wednesday September 17 2008
Russian Emergency Funding Fails to Halt Stock Rout  
Russia poured $44 billion into its three biggest banks and halted stock trading for a second day in a bid to halt the biggest financial crisis since its devaluation and debt default a decade ago.
Tuesday September 16 2008
Russia's Micex Index Falls Most Ever  
Russia's Micex Index fell the most since Bloomberg began tracking the measure in May 2001, losing 14 percent, after the cost of borrowing in dollars overnight more than doubled and as oil prices tumbled.
Thursday August 28 2008
Ruble Set for Largest Monthly Drop  
The ruble is set for its biggest monthly decline against the dollar-euro basket since its introduction in 2005 as rising tensions with the U.S. and European Union prompt investors to reduce holdings of Russian assets.
Tuesday August 26 2008
Russia's Ruble Drops  
Russia's ruble weakened against its dollar-euro basket as the country's stock market fell after Prime Minister Vladimir Putin's said Russia may pull out of its bid to join the World Trade Organization.
Monday August 25 2008
Russian Stocks Fall to Lowest Since 2006  
Russian stocks fell to the lowest since 2006 on concern the recognition of two breakaway Georgian regions will renew tensions in the area, while lower oil prices may curb the earnings of energy companies.
Monday August 25 2008
Russia's July Unemployment Rate Falls  
Russia's unemployment rate fell in July to a record-low 5.8 percent as economic growth fuels the need for new workers.
Monday August 25 2008
Russia GDP Growth at 8.5% in Q1  
Russia's economy expanded an annual 8.5 percent in the first quarter, higher than previously estimated, as consumer demand fueled a continuing investment boom.
Monday August 25 2008
Russia's Inflation Rate Declined to 14.7% in July  
Russia's July inflation rate fell more than economists forecast to 14.7 percent as fruit and vegetable costs declined.
Monday August 25 2008
Russia Raises Rates for Fourth Time to Stem Inflation  
Russia's central bank raised its benchmark interest rates by a quarter of a percentage point for the fourth time this year to subdue inflation.
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LATEST NEWS

Friday May 26 2017
Japan Inflation Rate At 3-Month High Of 0.4% In April  
Consumer prices in Japan rose 0.4 percent year-on-year in April of 2017, following a 0.2 percent rise in March and matching market consensus. It was the highest inflation rate since January, mainly driven by faster rises in cost of food and transport while cost of housing continued to fall.
Thursday May 25 2017
Brazilian Economy Expected To Start Recovering In 2017  
The Brazilian economy is expected to return to growth in 2017 after a plunge in commodities prices, a weaker real, stubbornly high inflation and political crisis led to a 2-year recession, the worst since records began. Yet, recent data points to slow recovery in private investment and production although sustained growth is heavily dependent on the government ability to pass fiscal reforms, reduce fiscal imbalances and restore consumer and business confidence. Yet, the most recent corruption scandal implicating President Temer sent the benchmark stock index and the real to year-to-date lows and the risk of another impeachment raised concerns over the country's prospects.
Thursday May 25 2017
South Africa Holds Repo Rate At 7%  
The South African Reserve Bank kept its benchmark repo rate on hold at 7 percent at its May 25th 2017 meeting, in line with market expectations. Policymakers said that although the inflation outlook has improved over the near term, the longer-term forecast is unchanged, remaining close to the upper limit of the target range. In addition, the rand and domestic bond yields benefited from increased global capital inflows to emerging markets which largely offset the impact of the sovereign credit ratings downgrade. However, with further ratings decisions imminent, risks remain for a further depreciation against the backdrop of continued global and domestic political uncertainty. Also, domestic growth prospects have deteriorated. The central bank revised down inflation and growth forecasts for this year.
Thursday May 25 2017
Mexico Trade Balance Swings To Surplus In April  
Mexico posted a trade surplus of USD 617 million in April of 2017 compared to a USD 2109 million trade deficit a year earlier and better than market expectations of a USD 1804 million shortfall. It is the highest trade surplus for an April month since 1996, as exports advanced 3.6 percent and imports declined 5 percent.
Thursday May 25 2017
US Jobless Claims Below Expectations  
The number of Americans filing for unemployment benefits increased by 1 thousand to 234 thousand in latest week, lower than market expectations of 238 thousand. It is 116th straight week that claims were below 300,000, a level associated with a healthy jobs market. In addition, the 4-week moving average which removes weekly volatility fell to 235.25 thousand, the lowest in 44 years.
Thursday May 25 2017
UK Q1 GDP Growth Revised Down To 2% YoY  
UK's gross domestic product expanded 2 percent year-on-year in the first quarter of 2017, following a 1.9 percent growth in the previous period but below the preliminary estimate of 2.1 percent. Fixed investment rose at a faster pace as business investment increased for the first time in over a year while household spending slowed and net trade contributed negatively.
Thursday May 25 2017
UK Q1 GDP Growth Revised Down To 0.2%  
The UK economy advanced 0.2 percent on quarter in the three months to March of 2017, below the preliminary estimate of 0.3 percent, mainly due to broad-based downward revisions within the services sector. On the expenditure side, household spending slowed while business investment rebounded.
Thursday May 25 2017
Hong Kong Trade Gap Widens 10% YoY In April  
Hong Kong's trade deficit increased by 10 percent to HKD 34.13 billion in April 2017 from HKD 31 billion in the same month of the previous year, as exports went up 7.1 percent and imports rose at a faster 7.3 percent. Considering the first four months of 2017, the trade deficit widened to HKD 144.9 billion from HKD 128.7 billion in the same period of the previous year, with exports rising by 9.4 percent and imports increasing 9.8 percent.
Thursday May 25 2017
South Korea Maintains Key Rate Steady At 1.25%  
The central bank of South Korea left its base rate steady for the tenth straight meeting at a record low of 1.25 percent in May, as expected, adopting a stance of stability in its first meeting since President Moon Jae-In's inauguration. Policymakers await the new administration's policy reforms, which unofficially begun with Moon's recent proposal for a 10 trillion Won stimulus in 2017.
Thursday May 25 2017
Spanish Q1 GDP Growth Confirmed At 0.8%  
The Spanish economy grew by 0.8 percent on quarter in the three months to March of 2017, matching the flash estimate and following a 0.7 percent expansion in the fourth quarter. Fixed investment, government spending and exports were the main drivers of growth while household consumption advanced at a slower pace.
Thursday May 25 2017
Singapore GDP Growth Revised Up To 2.7% In Q1  
The Singaporean economy expanded 2.7 percent year-on-year in the March quarter of 2017, slower than 2.9 percent in the prior quarter but stronger than preliminary estimates of a 2.5 percent growth. While services sector rose at a faster pace and manufacturing increased further, construction fell less than in the prior quarter, final figures showed.
Wednesday May 24 2017
Fed June Rate Hike Is Still On The Table  
Another increase in the federal funds rate would be appropriate soon, proven that recent growth slowdown is only transitory, minutes from last FOMC meeting showed. Fed officials also discussed strategies to start reducing its USD 4.5 trillion portfolio.
Wednesday May 24 2017
Canada Maintains Key Rate At 0.5%  
The Bank of Canada held its overnight rate steady at 0.5 percent on May 23rd, 2017, saying inflation is broadly in line with projections and recent economic data have been encouraging. The decision came in line with market expectations. The Bank Rate was also left on hold at 0.75 percent and the deposit rate at 0.25 percent.
Wednesday May 24 2017
South Africa Inflation Rate Down To 2015 Low Of 5.3%  
Consumer prices in South Africa rose 5.3 percent year-on-year in April of 2017, easing from a 6.1 percent increase in March and below market expectations of 5.6 percent. It is the lowest inflation rate since December of 2015, mainly due to a slowdown in prices of food and transport.
Wednesday May 24 2017
Thailand Holds Key Interest Rate At 1.5%  
The Bank of Thailand held its benchmark interest rate at 1.5 percent on May 24th, as widely expected. Policymakers said that the Thai economy’s growth outlook improved further despite uncertainties on the external front and that demand-pull inflationary pressures were low, while overall financial conditions remained accommodative and conducive to economic expansion.
Tuesday May 23 2017
New Zealand Trade Surplus Widens In April  
New Zealand trade surplus widened to NZD 578 million in April of 2017 compared to NZD 350 million in the same month of the previous year and expectations of a NZD 267 million surplus. It was the second straight monthly surplus after 8 consecutive deficits. Exports advanced to NZD 4750 million (or 9.8 percent year-on-year from a downwardly revised 9.6 percent in March), while imports jumped to NZD 4172 million (or 4.9 percent compared to an upwardly revised 7.9 percent). The annual trade deficit for the year ended April 2017 was NZD 3.48 billion, compared with a NZD 3.71 billion gap in the year ended March 2017.
Tuesday May 23 2017
Nigeria Is Expected To Return To Growth In 2017  
The Nigerian economy contracted in 2016 for the first time in 25 years after militant attacks in the Niger River delta destroyed oil pipelines and slump in oil prices led to a decline in government revenues and a shortage of foreign reserves. The economy is expected to slowly return to growth in 2017, boosted by public investment in roads, rails, ports and the power sector and higher oil production after peace talks between the government and militant groups started this year.
Tuesday May 23 2017
Nigeria Holds Key Rate At 14%  
The Central Bank of Nigeria held its benchmark interest rate unchanged at 14 percent at its May 2017 meeting as inflationary pressures start to ease while the economy remained in recession for the fifth quarter in the first three months of 2017. The decision came in line with market expectations.
Tuesday May 23 2017
US New Home Sales Down To 4-Month Low  
Sales of new single-family houses in the United States slumped 11.4 percent to a seasonally adjusted annual rate of 569 thousand in April of 2017 from an upwardly revised near 9-1/2-year high of 642 thousand in March. The figure came below market expectations of 610 thousand, as sales fell in all four main regions.
Tuesday May 23 2017
US Factory Activity Growth At 8-Month Low: Markit  
The IHS Markit US Manufacturing PMI fell to 52.5 in May of 2017 from 52.8 in April, below market expectations of 53, flash figures showed. It is the lowest reading since September of 2016, driven by softer growth of output, new orders and employment.
Tuesday May 23 2017
Nigerian Economy Contracts The Least In 1 Year  
The GDP in Nigeria shrank 0.5 percent year-on-year in the first quarter of 2017, following an upwardly revised 1.7 percent decrease in the previous period. It is the smallest fall in five quarters of contraction, as oil sector continued to decline although at a slower pace.
Tuesday May 23 2017
Hong Kong Inflation Rate At 7-Month High Of 2% In April  
Consumer prices in Hong Kong increased 2 percent year-on-year in April of 2017, compared to a 0.5 percent rise in the prior month. It was the highest inflation rate since September last year, mainly driven by prices of housing, transport, miscellaneous goods and services and food, excluding meals bought away from home.
Tuesday May 23 2017
Spain Trade Gap Widens In March  
The trade gap in Spain increased to EUR 1.5 billion in March of 2017 from a EUR 0.8 billion deficit a year earlier. Exports jumped 16.9 percent to a record high of EUR 26.2 billion and imports rose at a faster 19.1 percent to all-time high of EUR 27.7 billion.
Tuesday May 23 2017
Switzerland Trade Surplus Narrows To Near 2-1/2 Year Low  
Switzerland trade surplus decreased to CHF 1.97 billion in April of 2017 from CHF 2.42 billion a year earlier as exports fell more than imports. Year-on-year, sales went down by 10.4 percent to CHF 16.15 billion while purchases fell 9.1 percent to CHF 14.18 billion.
Tuesday May 23 2017
German GDP Growth Confirmed At 1-Year High In Q1  
The German economy expanded a seasonally-adjusted 0.6 percent in the first quarter of 2017, following a 0.4 percent growth in the previous period and matching the preliminary estimate. It was the strongest rate of expansion since the first quarter of 2016, supported by both domestic and foreign demand.
Tuesday May 23 2017
Singapore Inflation Rate At 4-Month Low of 0.4%  
Consumer prices in Singapore rose 0.4 percent year-on-year in April of 2017, compared to a 0.7 percent rise in March and below market expectations of 0.7 percent gain. It was the lowest inflation rate since December 2016, mainly driven by lower cost of housing. In contrast, prices accelerated for food and transport. On a month-on-month basis, consumer prices fell 0.3 percent, compared to a flat reading in March.
Monday May 22 2017
Russia Jobless Rate Unexpectedly Falls To 5.3% In April  
The unemployment rate in Russia declined to 5.3 percent in April of 2017 from 5.9 percent in the same month a year ago and well below market expectations of 5.5 percent. It was the lowest jobless rate since December last year. The number of unemployed people decreased by 470 thousand to 4.050 million while the number of economically active people fell by 400 thousand to 75.9 million, representing 52 percent of total population.
Monday May 22 2017
Mexico GDP Growth At 1-1/2-Year High In Q1  
The Mexican economy expanded a non-seasonally adjusted 2.8 percent year-on-year in the first quarter of 2017, higher than 2.7 percent in the preliminary reading and above a downwardly revised 2.3 percent increase in the previous period. It is the biggest growth rate in six quarters as services grew further and industrial output rebounded, final figures showed.
Monday May 22 2017
Mexico GDP Growth Revised Up to 0.7% In Q1  
The Mexican economy expanded 0.7 percent on quarter in the first three months of 2017, higher than 0.6 percent in the preliminary estimate and the same as in the previous period. Agriculture and industry expanded more than expected, final figures showed. Yet, the Mexican economy’s fundamentals look stronger than anticipated after an initial shock triggered by the US presidential election sent investment and consumer sentiment to record-low levels in January, worsening the growth outlook. However, investment has been hurt by uncertainty surrounding US and Mexico relations and industrial output remains subdued.
Monday May 22 2017
Japan Trade Surplus Narrows 40.6% YoY In April  
Japan's trade surplus narrowed 40.6 percent to JPY 481.7 billion in April 2017 from JPY 811.2 billion a year earlier and below market consensus of a JPY 520.7 billion surplus. It was the smallest trade surplus since January, as exports rose less than imports.
Friday May 19 2017
Week Ahead  
Next week, the most important event is the release of FOMC minutes. Investors will be looking for further clues on the timing of Fed's next rate hike. Markets are also anticipating a small upward revision to 0.9% from 0.7% in the second estimate of US GDP growth for Q1.
Friday May 19 2017
Canada Inflation Rate Steady At 1.6% In April  
Consumer prices in Canada increased 1.6 percent year-on-year in April of 2017, the same as in the previous month and below expectations of 1.7 percent. Prices of energy, transportation and shelter showed the highest upward pressure while food cost continued to decline although at a slower pace.
Friday May 19 2017
Hong Kong Jobless Rate Steady At 3.2%  
The seasonally adjusted unemployment rate in Hong Kong stood at 3.2 percent in the three months to April 2017, unchanged from the previous period. The underemployment rate also was steady at 1.2 percent.
Friday May 19 2017
Malaysia GDP Growth Strongest In 2 Years In Q1  
Malaysian economy expanded 5.6 percent year-on-year in the first quarter of 2017, compared to a 4.5 percent growth in the previous three months and above market expectations of 4.8 percent. It was the strongest expansion since the March quarter 2015, as private consumption, investment and exports rose at faster paces and government spending rebounded.
Thursday May 18 2017
Chile Unexpectedly Cuts Key Rate To 2.5%  
Chile’s central bank lowered the benchmark interest rate by 25 bps to 2.50 percent in its May 18th, 2017 meeting following a 25 bps cut in its April 13th meeting. Market participants were expecting no change. The move leaves the interest standing at its lowest level since September of 2010. Policymakers mentioned that mining and construction activity contracted in the first quarter while inflation is expected to remain on target. Members of the board also underscored that further easing will depend on mid-term inflation expectations.
Thursday May 18 2017
Russian Economy Continues To Recover In Q1  
The Russian GDP advanced 0.5 percent year-on-year in the first quarter of 2017, following 0.3 percent growth in the previous period and above market expectations of 0.4 percent, according to preliminary estimates. The economy returned to growth after a two-year recession that was mainly caused by low oil prices and sanctions imposed on Russian individuals and businesses in response to the annexation of Crimea.
Thursday May 18 2017
Chile Annual GDP Growth Lowest Since 2009 In Q1  
The Chilean economy advanced 0.1 percent year-on-year in the first quarter of 2017, easing from a 0.5 percent expansion in the previous period and slightly below market expectations of 0.2 percent. It is the lowest growth rate since the 2009 recession as private consumption slowed and exports shrank further after a six-week strike at the world's biggest copper mine caused a 14.4 percent slump in copper production.
Thursday May 18 2017
US Jobless Claims Below 240K For 3rd Week  
The number of Americans filing for unemployment benefits decreased by 4K to 232K in latest week, the lowest level since February. It was the third straight week of falls bringing the claims close to values only seen in 1973. Meanwhile, continuing claims fell by 22K to 1898K, the lowest since November 1988.
Thursday May 18 2017
ECB Is Less Likely To Loosen Policy: Minutes  
ECB's policymakers widely agreed that the current monetary policy stance remained appropriate as the outlook for inflation remained fragile while Euro Area's economic recovery was becoming increasingly solid and downside risks had further diminished, minutes from the ECB's April meeting showed. At the same time, the point was made that recourse to non-standard monetary policy measures for providing further accommodation was becoming less likely, in line with the Governing Council’s evolving assessment.
Thursday May 18 2017
Indonesia Leaves Monetary Policy Unchanged  
Indonesia's central bank kept its benchmark interest rate on hold at 4.75 percent at its May 18th meeting, as widely expected. The overnight deposit facility rate and the lending facility rate were also left unchanged at 4.0 percent and 5.5 percent respectively. Policymakers said inflation remains manageable, but it faces risks, including higher energy costs and a pick up in food prices. Also, economic growth improved in the first quarter, mainly driven by stronger exports and government spending.
Thursday May 18 2017
French Jobless Rate Falls To 5-Year Low In Q1  
The unemployment rate in France dropped to 9.6 percent in the first quarter of 2017 from 10.0 percent in the previous period. It was the lowest jobless rate since the first quarter of 2012. Meanwhile, the employment rate was stable at 64.7 percent and the activity rate of people aged 15-64 decreased by 0.3 percentage points to 71.4 percent.
Thursday May 18 2017
Philippines GDP Growth Slowest In 1-1/2 Years In Q1  
The Philippines economy grew an annual 6.4 percent in the March quarter of 2017, following a 6.6 percent expansion in the previous quarter and below market consensus of a 6.8 percent growth. It was the weakest expansion since the third quarter 2015, as private consumption, investment, and government spending slowed while exports rose further.
Thursday May 18 2017
Philippines Economy Expands 1.1% QoQ In Q1  
The Philippines GDP expanded 1.1 percent quarter-on-quarter in the three months to March 2017, compared to an upwardly revised 1.8 percent growth in the December quarter 2016 and below markets estimates of a 1.5 percent growth. It was the weakest growth since the first quarter 2015 as the services sector and industry grew at a slower pace while agriculture rebounded.
Thursday May 18 2017
Australia Jobless Rate Down To 3-Month Low of 5.7%  
Australia's seasonally adjusted unemployment rate unexpectedly fell to 5.7 percent in April of 2017 from 5.9 percent in March and below market estimates of 5.9 percent. It was the lowest jobless rate since January, as the economy added 37,400 jobs while the number of unemployed declined by 19,100.
Thursday May 18 2017
Japan GDP Growth Strongest In A Year In Q1  
The Japanese economy advanced 0.5 percent on quarter in the March quarter of 2017, following a 0.3 percent growth in the previous period and above market consensus of a 0.4 percent growth, preliminary estimates showed. It was the strongest expansion since the first quarter 2016, supported by private consumption, exports and an unexpected rise in capital expenditure.
Thursday May 18 2017
Russia's Economy Returns To Growth  
The Russian GDP advanced 0.5 percent year-on-year in the first quarter of 2017, following 0.3 percent growth in the previous period and above market expectations of 0.4 percent, according to preliminary estimates. The economy is now recovering after two years recession, brought on by falling oil prices, western sanctions and a weak currency. The economy is expected to grow between one and two percent in 2017-2019, while further GDP growth calls for efficient structural government reforms. The main county’s challenges are continued heavy dependence on oil revenues, the weakness of public administration, lag in technological innovation, financial isolation and geopolitical tensions.
Wednesday May 17 2017
Russian Economy Returns To Growth  
The Russian GDP advanced 0.5 percent year-on-year in the first quarter of 2017, following 0.3 percent growth in the previous period and above market expectations of 0.4 percent, according to preliminary estimates. The economy is now recovering after two years recession, brought on by falling oil prices, western sanctions and a weak currency.
Wednesday May 17 2017
Italy Trade Surplus Widens In March  
taly's trade surplus rose to €5.4 billion in March 2017 from €5.2 billion surplus in the same month of the previous year while market expected €1.97 billion surplus. Exports increased by 14.5 percent to €42.39 billion, led by higher purchases of coke and refined petroleum products and vehicles; while imports grew by 16.3 percent to €36.97 billion, as purchases of crude oil and coke and refined petroleum products rose the most. With EU countries, Italy registered a trade surplus of €1.25 billion and with non-EU ones - €4.2 billion.
Wednesday May 17 2017
Euro Area Inflation Rate Confirmed At 1.9%  
Consumer prices in the Euro Area increased 1.9 percent year-on-year in April of 2017, matching initial estimates and higher than 1.5 percent in March. Fuels, heating oil and package holidays had the largest upward effects. Excluding energy, food, alcohol and tobacco, the inflation increased to 1.2 percent from 0.7 percent and excluding energy only, it went up to 1.3 percent from 0.9 percent.
Wednesday May 17 2017
UK Jobless Rate Hits 42-Year Low  
UK unemployment rate fell to 4.6 percent in the three months to March 2017 from 4.7 percent in the previous period and below market expectations of 4.7 percent. It was the lowest jobless rate since July of 1975. The employment rate rose to a fresh all-time high of 74.8 percent, as the number of people in work went up by 122 thousand. Meanwhile, excluding the bonuses, pay adjusted for price inflation decreased by 0.2 percent from the previous year, the first decline since the third quarter of 2014.
Wednesday May 17 2017
Malaysia Inflation Rate At 3-Month Low Of 4.4% In April  
Consumer prices in Malaysia rose 4.4 percent year-on-year in April of 2017, compared to a 5.1 percent increase in March and below markets expectations of a 4.5 percent rise. It was the lowest inflation rate since January 2017, mainly due to a marked slowdown in cost of transport while food inflation was steady.
Tuesday May 16 2017
US Industrial Output Rises The Most In 3 Years  
US industrial production increased by 1 percent month-over-month in April 2017, following a downwardly revised 0.4 percent rise in March and beating market expectations of a 0.3 percent gain. It was the largest increase in industrial production since February 2014, as output rebounded for both manufacturing and mining while utilities grew at a slower pace.
Tuesday May 16 2017
US Housing Starts Fall For 2nd Month  
Housing starts in the United States went down 2.6 percent from the previous month to a seasonally adjusted annualized rate of 1172 thousand in April of 2017, following a downwardly revised 1203 thousand in the previous month and worse than market expectations of a 3.7 percent rise. It is the weakest construction activity in five months as starts fell in the South and the Northeast.
Tuesday May 16 2017
Irish Trade Surplus Widens To Record High In March  
Irish seasonally adjusted trade surplus increased by 12 percent to a record high of €5,051 million in March 2017 from a downwardly revised €4,494 million in the previous month, as exports fell by 4 percent while imports dropped at a faster 16 percent, preliminary figures showed. Meanwhile, the non-seasonally adjusted trade surplus widened 59.1 percent year-on-year to €5,247 million, as exports increased by 10 percent, due to higher sales of medical and pharmaceutical products, while imports went down 15 percent.
Tuesday May 16 2017
Nigeria Inflation Rate Slows For The 3rd Month  
Nigeria's consumer prices increased 17.24 percent year-on-year in April of 2017, easing slightly from a 17.26 percent rise in the prior month. The inflation rate fell for the third straight month to the lowest in nine months, led by a slowdown in prices of housing and utilities and transport. Annual core inflation rate was 14.75 percent, the lowest since April last year. On a monthly basis, consumer prices increased 1.60 percent.
Tuesday May 16 2017
Italian Economy Expands 0.2% In Q1, Matches Expectations  
The GDP in Italy advanced a meager 0.2 percent on quarter in the first three months of 2017, the same as in the previous period and in line with expectations. The economy continues to underperform most of its partners in the Euro Area as external demand dragged down on growth, preliminary estimates showed.
Tuesday May 16 2017
Euro Area GDP Growth Confirmed At 0.5% In Q1  
The Eurozone economy expanded 0.5 percent on quarter in the first three months of 2017, the same as in the previous period and in line with the preliminary estimate. Growth picked up in Germany and Spain but slowed in France and was steady in Italy.
Tuesday May 16 2017
Euro Area Trade Surplus Hits Record High  
The Eurozone trade surplus widened to a record high of €30.9 billion in March 2017 from €28.2 billion surplus in the same month of the previous year and above market expectations of €17.8 billion. Exports increased 13 percent to €202.3 billion and imports went up 17 percent to €171.4 billion.
Tuesday May 16 2017
UK Inflation Rate Highest Since 2013  
Consumer prices in the United Kingdom increased 2.7 percent year-on-year in April of 2017, following a 2.3 percent rise in each of the previous two months and above market expectations of 2.6 percent. It is the highest inflation rate since September of 2013, mainly due to rising air fares and electricity prices. The inflation rate has been on an upward trend since the Brexit vote last year due to a fall in the sterling value.
Tuesday May 16 2017
Dutch GDP Growth Lower Than Expected In Q1  
The Dutch economy advanced 0.4 percent on quarter in the first three months of 2017, lower than 0.6 percent in the previous period and below market expectations of 0.5 percent. It is the lowest growth rate since the last quarter of 2015 as household spending and inventories went down while business investment rebounded and rose the most in six years, preliminary estimates showed.
Tuesday May 16 2017
France Inflation Rate Confirmed At 1.2% In April  
Consumer prices in France rose 1.2 percent year-on-year in April of 2017, following a 1.1 percent gain in March and matching the preliminary figure. Prices went up further for food, energy and services while cost of manufactured products fell less than in the prior month.
Monday May 15 2017
Portugal GDP Growth At 7-Year High Of 1%  
The Portuguese economy advanced 1 percent on quarter in the first three months of 2017, following an upwardly revised 0.7 percent growth in the previous period. It is the biggest expansion since the first quarter of 2010, mainly boosted by external demand, preliminary estimates showed.
Monday May 15 2017
Italy Inflation Rate Revised Up To 1.9% In April  
Consumer prices in Italy increased 1.9 percent year-on-year in April of 2017, following a 1.4 percent rise in the previous period and above preliminary estimates of 1.8 percent. It is the highest inflation rate since February of 2013, mainly driven by prices of housing and utilities, namely electricity and natural gas and transport. On a monthly basis, consumer prices went up 0.4 percent, higher than preliminary estimates of 0.3 percent.
Monday May 15 2017
Turkish Jobless Rate Rises To 12.6% In February  
The jobless rate in Turkey increased to 12.6 percent in February of 2017, up from 10.9 percent a year earlier. Non-farm unemployment went up to 14.8 percent from 12.7 percent and youth unemployment rose to 23.3 percent from 18.6 percent.
Monday May 15 2017
Indonesia Trade Surplus Widens In April  
Indonesia posted a trade surplus of 1.24 USD billion in April of 2017, compared to a 0.66 USD billion surplus a year earlier and above market estimates of a 0.86 USD billion surplus. Considering January to April 2017, the goods surplus was recorded 5.33 USD billion, exports rose by 18.63 percent compared to the same period a year earlier to 53.86 USD billion while imports increased 13.51 percent to 48.53 USD billion.
Monday May 15 2017
Thailand Economy Grows1.3% QoQ, Fastest In Over 4 Years  
The Thailand economy advanced 1.3 percent quarter-on-quarter in the first quarter of 2017, much stronger than an upwardly revised 0.5 percent expansion in the prior quarter and slightly above market estimates of a 1.2 percent growth. It was the fastest quarterly growth since the December quarter 2012, mainly supported by private consumption and exports.
Monday May 15 2017
Thailand GDP Growth Strongest In 3 Quarters In Q1  
Thailand’s GDP expanded 3.3 percent from a year earlier in the March quarter of 2017, compared to a 3.0 percent growth in the fourth quarter 2016 and slightly above market expectations of a 3.2 percent expansion. It was the strongest growth since the June quarter last year, as a faster rise in private consumption and exports and a further increase in investment offset a sharp slowdown in government spending.
Sunday May 14 2017
Week Ahead  
In the US, most important releases include housing starts, building permits and industrial production. In China, industrial production, retail sales and fixed asset investment, are all expected to have slowed in April. In Europe, several countries will publish first estimates for Q1 GDP including Italy, Greece, Portugal, Finland and the Netherlands and Eurostat will release the second estimate for the Eurozone. It will be another busy week for the UK, with the release of inflation, unemployment and retail sales. Next week will also provide a deeper update on Australian consumers and households, with data for consumer confidence, wage inflation and unemployment. Japan will also publish GDP growth figures for Q1 with markets anticipating an annualized 1.7 percent expansion, higher than 1.2 percent in the previous quarter. Other important releases during the week include Q1 GDP growth for Thailand, Malaysia and Philippines and Canada inflation rate for April.
Friday May 12 2017
US Consumer Sentiment At 4-Month High  
The University of Michigan's consumer sentiment for the United States rose to 97.7 in May of 2017 from 97 in the previous month, according to preliminary estimates. Figures beat market forecasts of 97, boosted by an improvement in future expectations.
Monday May 22 2017
Mexican Economy Remains Resilient  
The Mexican economic fundamentals seem more resilient than anticipated after an initial shock triggered by the US presidential election sent investment and consumer sentiment to record-low levels in January. The economy grew in the first three months of the year, exports keep improving despite US trade noise, the peso recovered to pre-US election levels and transitory inflation shocks begin to fade.
Friday May 12 2017
Russia Trade Surplus At Near 2-Year High In March  
Russian trade surplus increased by 61.7 percent to $12.6 billion in March 2017 from $7.8 billion in the same month a year earlier and above market expectations of a $11.9 billion surplus. It was the largest trade surplus since June of 2015, as exports jumped 35.2 percent to $31.3 billion and imports went up 21.8 percent to $18.7 billion.
Friday May 12 2017
US Retail Sales Rise Less Than Expected In April  
Retail sales in the United States increased by 0.4 percent month-over-month in April 2017, following an upwardly revised 0.1 percent rise in March but missing market expectations of a 0.6 percent gain. The increase was mainly driven by a rebound in sales of motor vehicles and higher receipts at service stations, building material stores and electronics and appliance stores.
Friday May 12 2017
India Inflation Rate Falls To Record Low Of 2.99%  
Consumer prices in India increased 2.99 percent year-on-year in April of 2017, following a 3.81 percent rise in March and well below market expectations of 3.5 percent. It is the lowest inflation rate since the series began in 2012, driven by a slowdown in food prices.
Friday May 12 2017
US Inflation Rate Lower Than Expected At 2.2%  
Consumer prices in the United States increased 2.2 percent year-on-year in April of 2017, lower than 2.4 percent in March and below market expectations of 2.3 percent. It is the lowest inflation rate so far this year due to a slowdown in energy, transport and health cost. The monthly index increased 0.2 percent, recovering from a 0.3 percent fall in March and matching forecasts, boosted by prices of shelter, energy, tobacco and food.
Friday May 12 2017
India Wholesale Inflation Below Expectations  
Wholesale prices in India rose 3.85 percent year-on-year in April of 2017, following a downwardly revised 5.29 percent gain in March and well below market estimates of 4.8 percent. It is the lowest wholesale inflation in four months after the government revised the base year.
Friday May 12 2017
Eurozone Industrial Output Rises 1.9% YoY In March  
Industrial output in the Euro Area increased by 1.9 percent year-on-year in March 2017, following an upwardly revised 1.4 percent rise in February but below market expectations of 2.3 percent gain. it was the sharpest increase in industrial output in three months boosted by higher production of consumer, intermediate and capital goods.
Friday May 12 2017
Hong Kong GDP Annual Growth At Near 6-Year High Of 4.3%  
The Hong Kong economy expanded 4.3 percent year-on-year in the first three months of 2017, higher than an upwardly revised 3.2 percent in the previous period and beating expectations of 3.4 percent. It is the biggest growth rate since the second quarter of 2011 as private consumption accelerated for the third period and exports rose the most in more than three years.
Friday May 12 2017
Malaysia Keeps Rates Steady At 3%  
The central bank of Malaysia left its benchmark overnight policy rate unchanged at 3 percent on May 12th 2017 as widely expected. Policymakers see growth momentum to strengthen in the first quarter of 2017 and to be sustained for the rest of the year while inflation will likely moderate in the second half of 2017.
Friday May 12 2017
Spain Inflation Rate Confirmed At 2.6% In April  
Spanish consumer prices rose 2.6 percent year-on-year in April, compared to a 2.3 percent increase in the previous month and marching preliminary estimates. Higher inflation rate was mainly driven by faster rise in cost of housing and utilities and cafes, hotels and restaurants and rebound in prices of recreation and culture.
Friday May 12 2017
German Inflation Rate Confirmed At 2% In April  
German consumer prices rose 2 percent year-on-year in April of 2017, following a 1.6 percent rise in March and matching a preliminary estimate. While cost of services went up at a faster pace, food inflation slowed.
Friday May 12 2017
German GDP Growth Strongest In A Year In Q1  
The German economy expanded a seasonally-adjusted 0.6 percent on quarter in the first three months of 2017, following a 0.4 percent expansion in the previous period while markets expected a 0.7 percent growth, flash estimates showed. It was the strongest expansion since the first quarter 2016, as positive contributions came from both domestic and foreign demand.
Thursday May 11 2017
US Jobless Claims Fall More Than Expected  
The number of Americans filing for unemployment benefits decreased by 2 thousand to 236 thousand in the week ended May 6th, 2017 from the previous week's unrevised level of 238 thousand, below market expectations of 245 thousand. It is the lowest figure in four weeks. Meanwhile, the number of continuing claims fell by 61 thousand to 1918 thousand, the lowest figure since November 5th, 1988 when it was 1898 thousand.
Thursday May 11 2017
UK Leaves Monetary Policy Unchanged  
The Bank of England Monetary Policy Committee voted by a majority of 7-1 to maintain Bank Rate at a record low of 0.25 percent on May 11th, 2017, as widely expected, saying the continuing suitability of the current policy stance depends on the trade-off between above-target inflation and slack in the economy, as well as the prospects for inflation to return sustainably to target. The MPC was unanimous in its decision to keep the stock of UK government bond purchases unchanged at £435 billion.
Thursday May 11 2017
Portugal Inflation Rate At 2012 High Of 2%  
Consumer prices in Portugal increased 2 percent year-on-year in April of 2017, following a 1.4 percent rise in March and above market expectations of 1.2 percent. It is the highest inflation rate since October of 2012, boosted by cost of travels, stays in hotels and transport due to the Easter holidays that in 2017 fell in April while it occurred in March in 2016.
Thursday May 11 2017
Irish Inflation Rate Rises To 4-Year High In April  
Irish consumer prices increased by 0.9 percent in the year to April 2017 after rising by 0.7 percent in the previous month and beating market consensus of a 0.3 percent gain. It was the highest inflation rate since February 2013, mainly driven by higher cost of transport.
Thursday May 11 2017
Greek Unemployment Rate Falls To 23.2% In February  
The Greek seasonally adjusted unemployment rate fell to 23.2 percent in February 2017 from a downwardly revised 23.3 percent in the previous month and compared with 23.9 percent in February 2016. The jobless rate reached its lowest level since September last year, as the number of unemployed decreased by 0.6 percent from the previous month to 1.1 million and employment rose by 0.2 percent to 3.7 million. Still, Greek unemployment rate remains more than double the Eurozone's average.
Thursday May 11 2017
Philippines Leaves Benchmark Rate At 3%  
The central bank of Philippines hold its key overnight borrowing rate steady at 3 percent on May 11th, 2017 as widely expected, mentioning a manageable inflation. Policymakers kept its inflation forecasts for 2017-2018 unchanged at 3.0 percent ± 1 percentage point but said upside risks persist.
Thursday May 11 2017
UK Trade Deficit Widens As Imports Hit New Record  
The UK’s deficit on trade in goods and services widened by £2.3 billion to £4.9 billion in March 2017 from a downwardly revised £2.7 billion in February. Imports increased in the month by £2.9 billion to a new record high of £53.9 billion, due to an increase in purchases of goods from both EU and non-EU countries. Exports increased by £0.6 billion to £49.0 billion.
Thursday May 11 2017
Switzerland Inflation Rate Falls From 6-Year High To 0.4%  
Consumer prices in Switzerland increased 0.4 percent year-on-year in April of 2017, lower than a near six-year high 0.6 percent increase in March. Figures came below market expectations of 0.5 percent, as prices slowed for food, hotel nights and transport.
Thursday May 11 2017
Philippines Trade Deficit Widens In March  
Philippines recorded a USD 2.30 billion trade deficit in March of 2017, compared to a USD 1.75 billion gap a year earlier, as exportss rose less than imports.
Thursday May 11 2017
South Korea Jobless Rate Up To 4.0% In April  
South Korea’s seasonally adjusted unemployment rate increased to 4.0 percent in April of 2017 from 3.7 percent in March.
Thursday May 11 2017
New Zealand Holds Key Rate At 1.75% For 5th Straight Meeting  
The Reserve Bank of New Zealand kept its official cash rate unchanged at record low of 1.75 percent on May 10th, 2017, as widely expected. The central bank left the monetary rate unchanged for the fifth straight meeting. Policymakers underscored that GDP growth in the second half of last year was softer than expected. However, the monetary policy stance is still neutral, as consumer prices increased by 2.2 percent year-on-year in the first quarter of 2017, explained by a transitory upswing in petrol and food prices. The central bank also stated that monetary policy will remain accommodative for a considerable period, as numerous uncertainties remain and policy may need to adjust accordingly.
Wednesday May 10 2017
US Government Budget Surplus Widens In April  
The US government posted a USD 182 billion budget surplus in April of 2017, compared to a USD 106.5 billion surplus a year earlier and well above market expectations of USD 175.9 billion deficit. Outlays decreased 18 percent to USD 273 billion while receipts rose by 4 percent to USD 456 billion.
Wednesday May 10 2017
Ghana Inflation Rate Rises To 13% In April  
Inflation rate in Ghana inched up to 13 percent in April from three and a half year low of 12.8 percent reported in March. While cost of transportation surged 24.9 percent dues to rise in transport fares, food inflation slowed to 6.7 percent which was the lowest since November 2014.
Wednesday May 10 2017
Brazil Inflation Rate Back To Central Bank Target  
Consumer prices in Brazil increased 4.08 percent year-on-year in April of 2017, following a 4.57 percent rise in March and in line with market expectations of 4.1 percent. The inflation rate slowed for the eighth straight month to the lowest since July of 2007, standing below the central bank target of 4.5 percent for the first time since December of 2009.
Wednesday May 10 2017
French Trade Deficit Narrows In March As Exports Jump  
French trade deficit narrowed to EUR 5.4 billion in March 2017 from a downwardly revised EUR 6.4 billion in February and below market expectations of a EUR 6.0 billion gap. Exports rose 3.8 percent month-on-month to EUR 39.3 billion while imports increased at a slower 0.8 percent to EUR 44.6 billion.
Wednesday May 10 2017
China Inflation Rate At 3-Month High Of 1.2% In April  
China's consumer prices rose 1.2 percent year-on-year in April of 2017, following a 0.9 percent rise in March and slightly above market consensus of a 1.1 percent gain. It was the highest inflation rate since January, as cost of non-food rose at a faster pace and cost of food fell less than in a month earlier.
Tuesday May 09 2017
Mexico Inflation Rate At Near 8-Year High of 5.82%  
Consumer prices in Mexico jumped 5.82 percent year-on-year in April of 2017, following a 5.35 percent rise in March and above market expectations of 5.71 percent. The inflation rate accelerated for the tenth straight month, reaching the highest since May of 2009, mainly led by cost of food and energy after the government hiked gasoline prices in the beginning of the year.
Tuesday May 09 2017
German Trade Surplus Narrows Slightly In March  
German trade surplus narrowed slightly to EUR 25.4 billion in March of 2017 from EUR 25.8 billion in the same month a year earlier. Exports rose 10.8 percent year-on-year to a record EUR 118.2 billion and imports went up at a faster 14.7 percent to an all-time high of EUR 92.9 billion.
Tuesday May 09 2017
Swiss Jobless Rate Falls To 5-Month Low Of 3.3% In April  
Swiss unadjusted unemployment rate fell slightly to 3.3 percent in April of 2017 from 3.4 percent in March and in line with market estimates. It was the lowest jobless figure since November 2016, as the number of unemployed and jobseekers went down.
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