15.04.2010

RBC. In the January-March quarter of 2010 industrial output in the Russian Federation grew 5.8% vs. the same period a year ago, the Federal Statistics Service (Rosstat) reported. In addition, against the year-earlier period the Industrial Production Index rose 5.7% this March and climbed 15.3% compared to February 2010.

This index is calculated by output in the following sectors: mineral extraction, manufacturing, generation and distribution of electric power, gas and water based on the production of 730 most important goods (in terms of volume or value).

The International Monetary Fund (IMF) expects Russia’s gross domestic product (GDP) to grow 4% this year. In 2011 economic growth in the Russian Federation, according to IMF estimates, will slow down to 3.3%.

As of April 9, 2010 hard currency reserves of the Russian Federation amounted to $448.6 bln compared to $447.2 bln as of April 2, 2010, the PR department of the Central Bank of the Russian Federation said in a statement. So, the country’s international reserves grew $1.4 bln on the week...