Interfax learned of the sharp drop promproizvodstva in Russia.

KommentariiRetsessiya nachalas12.12.2008Rossiya not escaped the global downturn in ekonomikePromyshlennoe production in Russia in November 2008 fell by 8.7 percent compared with the same period last year. It is reported agency Interfax, citing its sources. Official data Rosstat yet.
According to the agency, promproizvodstva decline compared to October this year reached 7.5 percent. During 11 months of 2008 promproizvodstvo increased by 3.7 percent compared with January-November 2007.
In October 2008, according to the Rosstat promproizvodstvo in Russia grew by 0.6 percent year on year. Initially, State Statistics Service said the increase promproizvodstva in the country at 1.6 percent, but later revised its figures.
On 12 December in Russia Minekonomrazvitiya reported that year-end growth promproizvodstva be around 1.9 percent. For comparison, last year, an increase of 6.3 percent.
December 15, it was reported that the ministry ozvuchilo its forecast for GDP growth in the fourth quarter of 2008. GDP growth in September and December, estimated the Ministry would be 2.6 percent. In general, year-end Russia's economy should grow by six percent. In late October, the head of the Ministry for Economic Development Elvira Nabiullina stated that the country's GDP will grow by no less than seven percent. On 12 December, Prime Minister of Russia Vladimir Putin have said that the outcome of years of Russian GDP growth will reach six percent.