Russia ranking eighth in CIS for its production growth

RosBusinessConsulting Database
May 6, 2005 Friday 5:04 am, EST

In the first quarter of 2005, Russia ranked eighth among CIS members
rated on its industrial production growth of 3.9 percent from the
first quarter of 2004, the Interstate Statistical Committee of the
CIS has reported.

The highest industrial production growth over the given period
was observed in Belarus (up by 11.6 percent), and Azerbaijan took
second place with 10.3 percent. Growth rates were determined at 8.2,
7.4 percent in Tajikistan and Kazakhstan respectively; Ukraine and
Georgia demonstrated 7.1 percent each, Armenia – 5.1 percent, Moldova
– 3.2 percent, while in Kyrgyzstan industrial production declined by
4.7 percent. The average industrial production growth was 5 percent
for the CIS.

Over the given period, producer prices for industrial products
increased the most in Azerbaijan (up by 22.7 percent). In Tajikistan,
the prices declined by 1.1 percent. In Russia, producer prices for
industrial products advanced by 18.5 percent, compared with the first
quarter of 2004.