Russian industry likely to have slowed in June

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Russian industry likely to have slowed in June - Klepach

MOSCOW. July 12 (Interfax) - Russian industrial output growth is likely to have slowed in June compared with May, Deputy Economic Development Minister Andrei Klepach told Interfax.

"June growth will be a little lower than in May," he said.

The Federal State Statistics Service (Rosstat) will unveil the June data on July 16 or 17.

Industrial output grew 3.7% in May compared with the same month last year, 1.3% in April, 2% in March, 6.5% in February and 3.8% in January.

Seasonally adjusted growth accelerated to 1% in May from 0.1% in April. Industry fell 1.2% in March compared with February.

Industrial output grew 3.4% year-on-year in January-May.

Analysts told Interfax in a consensus forecast that they expected 3.6% growth in June.