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Russia’s 2015 Industrial Output Falls for First Time in 6 Years

Industrial outlay in Russia shrank 3.4 percent in 2015 for a initial time in 6 years, a Rosstat state statistics use pronounced in a news Monday.

The slump, that came as a Russian economy reeled from diseased oil prices and drops in a ruble value, was crook than likely by a Economic Development Ministry, that approaching a industrial outlay to dump by 3.3 percent in 2015, a RIA Novosti news group reported.

In December, a decrease in industrial prolongation reached 4.5 percent year-on-year, a Rosstat information showed.

Except for January, industrial outlay fell in Russia via a whole of 2015, with a biggest unemployment purebred in May, when prolongation engaged 5.5 percent.

One of a steepest drops was seen in a prolongation industry, where outlay forsaken by 5.4 percent in 2015, compared to 2014.

Meanwhile, Russia increasing a prolongation of food products amid a anathema on imports from a series of Western countries. The prolongation of pig increasing 12.9 percent in 2015 and cheese prolongation was adult 17.1 percent, Rosstat reported.

According to estimates from a Economic Development Ministry, a industrial outlay in 2016 is approaching to tumble 0.4 percent during an normal oil cost of $40 per barrel, a Interfax news group reported.

Article source: http://www.themoscowtimes.com/article/556775.html

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