Annual industrial production accelerated more than analysts estimated in November, led by the manufacturing of cars and tractor trailers as an economic recovery overcame a “pause.”
Production rose an annual 6.7 percent, compared with 6.6 percent in the previous month, the State Statistics Service said Wednesday.
“The pause in growth is over,” Deputy Economic Development Minister Andrei Klepach said Wednesday. “The economy in September and October demonstrated fairly good growth” and this year’s industrial output is set to exceed previous estimates.
(Bloomberg)
A Message from The Moscow Times:
Dear readers,
We are facing unprecedented challenges. Russia's Prosecutor General's Office has designated The Moscow Times as an "undesirable" organization, criminalizing our work and putting our staff at risk of prosecution. This follows our earlier unjust labeling as a "foreign agent."
These actions are direct attempts to silence independent journalism in Russia. The authorities claim our work "discredits the decisions of the Russian leadership." We see things differently: we strive to provide accurate, unbiased reporting on Russia.
We, the journalists of The Moscow Times, refuse to be silenced. But to continue our work, we need your help.
Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and every contribution makes a significant impact.
By supporting The Moscow Times, you're defending open, independent journalism in the face of repression. Thank you for standing with us.
Remind me later.
