Facebook Blogging

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.

Wednesday, December 5, 2007

Russia Retail Sales

Meanwhile those sectors servicing the domestic market (such as construction and the retail trade) continued to boom. The highest rates of output growth were reported in construction (23.5 percent) and the retail trade (15 percent) The rate of aggregate output growth of the base industries and sectors (often used as a proxy for GDP growth) amounted to 8.6 percent in the first nine months of 2007 compared to only 5.7 percent in the corresponding period of 2006.

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