Russian Investment Unexpecetdly Contracts in June - Bloomberg:
"Russian fixed-capital investment (RUZ1CANY) unexpectedly fell the most since February 2010, adding to signs that the economy is failing to gain momentum.
Investment dropped 3.7 percent in June from a year earlier, the Federal Statistics Service in Moscow said by e-mail today. The median estimate of 16 economists in a Bloomberg survey was for a 0.5 percent increase. Unemployment (RUUER) also unexpectedly rose to 5.4 percent from 5.2 percent in May.
Economic growth in the world’s largest energy exporter is stumbling to the weakest pace since a 2009 contraction as the European Union struggles to exit a recession and China’s slowdown saps demand for Russian exports of oil, gas and metals. Russia, which is preparing to welcome Group of 20 finance chiefs for a summit in Moscow this week, has put the issue of long-term investment as a source of growth on the agenda for its G-20 presidency."
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"Russian fixed-capital investment (RUZ1CANY) unexpectedly fell the most since February 2010, adding to signs that the economy is failing to gain momentum.
Investment dropped 3.7 percent in June from a year earlier, the Federal Statistics Service in Moscow said by e-mail today. The median estimate of 16 economists in a Bloomberg survey was for a 0.5 percent increase. Unemployment (RUUER) also unexpectedly rose to 5.4 percent from 5.2 percent in May.
Economic growth in the world’s largest energy exporter is stumbling to the weakest pace since a 2009 contraction as the European Union struggles to exit a recession and China’s slowdown saps demand for Russian exports of oil, gas and metals. Russia, which is preparing to welcome Group of 20 finance chiefs for a summit in Moscow this week, has put the issue of long-term investment as a source of growth on the agenda for its G-20 presidency."
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