Russian industrial output up 3.7% in 11 mths

Output grew 4% when adjusted for the number of working days.



In November alone, industrial output grew 0.8% year-on-year, compared with increases of 3.9% in October, 5.5% in September, 3.4% in August, 7.8% in July, 4.4% in June, 2.8% in May, 4.3% in April, 3.7% in March, 2% in February and 2.2% in January. The November growth was the lowest for two years.



In November compared with October, output fell 5.9% but, adjusted for the number of working days, it grew 0.8%.



In the first 11 months, year-on-year growth was highest at 7.7% in nonferrous metals, 7.3% in glass-earthenware and 6.7% in the food industry. Output grew 3.5% for construction materials, 1.2% for chemicals and petrochemicals, 2.2% in machine-building and metal processing, 2.7% in forest products, cellulose and paper, 2.3% in ferrous metals and 1.3% in the printing industry. Output fell 0.9% in the power industry, 0.7% in light industry, 8.1% in biotech, 6.3% in medicines, 6.1% for flour, groats and feed and 2.9% in other sectors.