Russian Economy Ministry expects production output slowdown in Q4 2019
The Russian Ministry of Economic Development forecasts deceleration of industrial output growth rates in Russia to 1.2-1.5% in annual terms in the fourth quarter of this year, according to the ministerial report released on Wednesday.
Industrial production is steadily growing for the fourth month in a row with the rate of about 3%, the report says.
"At the same time, considering poor dynamics of PMI indicators and remaining effect of OPEC+ oil production capping agreement, industrial output growth rates are expected to decline in the fourth quarter of this year to 1.2-1.5% on an annualized basis," the report reads.
Source
Industrial production is steadily growing for the fourth month in a row with the rate of about 3%, the report says.
"At the same time, considering poor dynamics of PMI indicators and remaining effect of OPEC+ oil production capping agreement, industrial output growth rates are expected to decline in the fourth quarter of this year to 1.2-1.5% on an annualized basis," the report reads.
Source