RS Brief news Agricultural industry and transportation sector – economy growth drivers

Agricultural industry and transportation sector – economy growth drivers

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agricultural

The expiring year was a rather successful one for the agricultural industry – the yield of practically all types of agricultural crop was good, and it had an immediate impact on the macroeconomic indicators in the industry.

According to Sberbank CIB, the annual growth in the agricultural industry reached 26.3 % in October and 5.3 % in 10 months of the current year.

The transportation sector turned out to be yet another driver of the Russian economy. In this sector, annual growth rates accelerated to 6.3 % in October, reaching a total of 0.3 % for the period from January to October. Such numbers in these two economy sectors give reason to believe that the total annual economy growth in the IV quarter will be better than in the said 9 months. RS