Russia's Economy Grinds Out 1% Growth as Consumers Keep Spending
Russia's GDP grew 1% year-on-year in the third quarter of 2026, according to Rosstat's preliminary estimate released Friday. Shoppers and diners did the heavy lifting, while farms, mines and passenger transport all dragged on the headline number.
- Original source: breakingthenews.net.
- The source published it on Nov 13, 2026 at 4:09 PM.
- No second outlet has reported it yet. Treat it as a single-source claim.
Russia's economy expanded 1% year-on-year in the third quarter of 2026, Rosstat said Friday in a preliminary estimate. The statistical agency credited food service turnover, up 5.2%, and retail sales, up 4.2%, as the biggest engines behind the growth.
Industrial and building activity chipped in too. Freight turnover climbed 2.7%, manufacturing output added 2.5% and construction grew 2%, according to the same release.
Not every sector pulled its weight. Agricultural output slid 3.9%, passenger traffic dropped 3% and mining output contracted 2.7%, leaving the headline figure at a modest 1%.
Rosstat's number is preliminary, meaning the reading can still be revised as fuller data lands. It arrives the same week Europe's statistical agency Eurostat confirmed the euro area grew 0.4% quarter-on-quarter in the third quarter, with the wider EU up 0.5%.
TopicsRosstat · Russia · Eurostat · European Union · Eurozone
Source: breakingthenews.net
Written by Paparazzi with AI. Not financial advice.
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