Russia Economy in a Snapshot Q3 2019
 
Economic activity in Russia is forecast to slow down, as the CEIC Leading Indicator shows. According to preliminary data, the indicator dropped below the long term benchmark value of 100 in June, standing at 99.96. It kept trending down in the following two months to reach 97.8 in August. Weak retail sales, slowing external demand and slipping global oil prices are expected to weigh on the economic growth in the short term.
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Russia Economy in a Snapshot Q2 2019
 
Russia’s economic deceleration is expected to continue according to the CEIC Leading Indicator, which has sustained its negative trend. The indicator increased to 108.10 in May 2018 (forecasting the subsequent acceleration of the economy in H2 2018), before sloping downward to reach 100.10 in June 2019, marginally above the threshold of 100. While equity market index and passenger cars production impacted positively overall growth, coal mining and petroleum products production contracted in Q2 2019 to offset this positive effect and contribute to the economic slowdown.
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Russia Economy in a Snapshot Q1 2019
 
Russia’s economic performance seems to be losing steam according to the CEIC Leading Indicator. Preliminary data for January 2019 shows that the indicator decreased with 0.6 points to 100.7 (compared to December) and approached the threshold value of 100. Russia was in the expansion phase from January 2016 to May this year when it reached a peak value of 113, but has been declining steadily for the second half of 2018.
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