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Business / Finance

Investment demand in Russia has pleasantly surprised economists, wage growth can upset CBR

MQL5: Blogs Traders 17.08.2017 at 20:30

Blogs traders and analyst of financial markets

Zlata Garasyuta

MOSCOW (Reuters) - Investment demand in July has cemented the role of the locomotive of recovery of the Russian economy to the persistent weakness of consumption but outstripping forecasts of growth in real wages can upset the Central Bank, becoming the reason for more cautious monetary policy, economists say.

Published by the Rosstat statistics reflected mainly the deterioration of the main macroeconomic indicators as of Jun. The growth of industrial production in July slowed to 1.1% yoy from 3.5% in June due to manufacturing industries, agriculture showed a decline of 2.9 percent year-on-year after declining 1.3 percent in the previous month.