Capital investment stops rising, consumer demand growth slows down in Russia - Economic Development Ministry
MOSCOW. Oct 12 (Interfax) - The annual capital investment growth came to a standstill in Russia in August, the Russian Economic Development Ministry said in its monthly Picture of Economy monitoring report
"The growth of consumer demand is showing a trend of slowing down, despite the remaining positive dynamics in the labor market," the Economic Development Ministry said.
The ministry confirmed that Russian domestic product grew more slowly on the year-on-year basis in August, 1% against 1.8% in July. The ministry's GDP growth estimate for January-August 2018 confirmed at 1.6%.