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Edward Hugh has a lively and enjoyable Facebook community where he publishes frequent breaking news economics links and short updates. If you would like to receive these updates on a regular basis and join the debate please invite Edward as a friend by clicking the Facebook link at the top of the right sidebar.

Claus Vistesen and I also have a number of country briefings and study papers available for download in PDF format. The latest are:

Bank Rossii Eases Further As Russia's Economy Contracts At A Record Rate

The ECB's Balance Sheet At A Glance.

Monday, August 18, 2008

Russian Industrial Output Growth Remains Weak In July

Russian industrial output growth continued to show signs of weakness in July after expanding at the slowest pace in five and a half years in June. Industrial output increased at a 3.2 percent annual rate compared with 0.9 percent increase in June, according to data from the Federal Statistics Service earlier today. The June result was the slowest rate of growth since the service began calculating data under new methodology in 2003. Month on month output was up 3.3 percent from June.

Manufacturing increased an annual 4.6 percent in July, compared with 0.6 percent the previous month. Cement production dropped 8.2 percent. Mining and quarrying fell 1.8 percent, compared with growth of 0.6 percent in the previous month. Crude oil and gas condensate production fell 1.9 percent compared with a year ago. Electricity, gas and water output increased an annual 5 percent, compared with 4 percent in the previous month.

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