Russian GDP growth slowed to 4.0% in Q2 from 5.4% in Q1 - Rosstat

MOSCOW. Aug 9 (Interfax) - Russian GDP grew 4.0% year-on-year in Q2 2024, the State Statistics Service (Rosstat) said in a preliminary estimate.

The growth slowed from 5.4% in Q1 2024.

The Russian Economic Development Ministry has also estimated GDP growth at 4.0% in Q2, while the Central Bank's estimate was 4.4%.

GDP growth was influenced by higher output in wholesale trade (+8.3%), retail trade (+7.3%), passenger transport (+7.3%), manufacturing (+7.3%), water utilities (+4.7%), construction (+4.1%) and provision of electricity, gas and steam, air conditioning (+2.3%).

Rosstat will give more detailed Q2 GDP figures on September 13.