15 Feb 2012 16:04

Russian industrial growth accelerates to 3.8% in Jan, above forecast

MOSCOW. Feb 15 (Interfax) - Russian industrial output growth accelerated to 3.8% in January, from 2.5% in December, the Federal State Statistics Service (Rosstat) said.

The December year-on-year growth was the lowest for two years.

Analysts said in a consensus forecast for Interfax that they expected more modest growth of 3% in January.

Seasonally adjusted growth was 0.4% in January, up from 0.1% in December and zero in November.