GDP in February grew at an annual rate of 4.8 percent

GDP in February 2012 grew at an annual rate of 4.8 percent, while seasonally adjusted 0.5 percent. This was reported today by Minister of Economic Development Elvira Nabiullina.

In January and February of this year, GDP, according to its figures, was up 4.3 percent compared with the same period last year. Such growth, she said, was due to increased investment in fixed assets and a very good data on industrial production.

Elvira recalled that in February of this year, "purified industrial growth continued," and amounted to 1.3 percent, and in January-February year on year — 4.9 percent. Also, according to the minister, a big factor in contributing to the growth of GDP contributed dynamics in the manufacturing industryIn February without a seasonal increase of 0.3 percent, while year-on-year — 6.3 percent.

Also, according to Nabiullina good growth seasonally adjusted in February showed retail sales and investment in fixed assets — by 1 percent and 1.2 percent, respectively. However, the head of the Ministry of Economic Development said that in January of this year on investment "was a big minus, and, of course, the monthly statistics on investment and the character of the investment cost is very unstable."

Also, according to the minister, the trade surplus of the Russian Federation in February was positive and amounted to 19.7 billion dollars, with exports of $ 45 billion and imports of 25.3 billion dollars.

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