MED: GDP in August 2011 grew at an annual rate of 5.2%

Schedule of Russia's GDP since the collapse of the USSR according to the IMF ($ billion) (adjusted for inflation)
 Photo source:sdelanounas.ru

The gross domestic product (GDP) of Russia in August 2011. grew at an annual rate of 5.2%, said the deputy head of the Ministry of Economic Development Minister Andrei Klepac. Thus for the first eight months of 2011. Russia's GDP grew by 4%.

According to Klepach, in August this year with the calendar and seasonal factors accelerated the growth of the Russian economy compared to July of this year and amounted to 0.4%.

A positive contribution to GDP growth made chemical industry, building materials, metallurgy, transportation equipment, electrical equipment, the deputy minister said. Negative dynamics are characterized by food production, production of petroleum products and machinery. Klepach said that "on the whole manufacturing industry shows good plus."

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