Economic Indicators

Russian economy grows 5.3% year on year in June

2023.08.02 12:43


© Reuters. FILE PHOTO: Steam rises from chimneys of a heating power plan over the skyline of central Moscow, Russia November 23, 2020. REUTERS/Maxim Shemetov/File Photo

MOSCOW (Reuters) – Russia’s economy grew 5.3% in June year on year, the economy ministry said on Wednesday, after an increase of 5.4% in May.

Seasonally adjusted gross domestic product (GDP) edged up 0.04% year on year in June, after an increase of 1.4% in the previous month, the ministry said.

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