Statistics Committee reports industrial output figures

The growth in five major Russian economic fields (industry, construction, agriculture, transport and retail) was 4.1 percent in January-July 2002 as compared to the similar period of last year, the State Statistics Committee reported. The output index for the five major industries was 106.4 percent in July 2002 as compared to the figure reported in July 2001 and 106.6 percent as compared to the figure posted in June 2002. In July 2002 the industrial output in current prices was RUR585bn (around $18.57bn) in Russia, while the industrial output index was 107.8 percent against the figure reported in July 2001, while in January-July 2002 it was RUR3.752 trillion (around $119.11bn) and 103.9 percent respectively. The average daily output (with seasonal corrections taken into account) was 100.8 percent in July 2002 as compared to June 2002.