Page 40 - RusRPTOct22

3.0 Macro Economy
3.1 Macroeconomic overview
Primary production, construction and certain industrial branches related to construction and defence (e.g. cement production and metal fabrication) supported the Russian economy in August.
Driven by crude oil and liquefied natural gas, production of extractive industries was up in August by 1% y/y. Natural gas production excluding LNG decreased by over 20%. Agricultural output accelerated briskly, with production climbing by 9% y/y in August. Construction activity rose by 8% y/y in August.
40 RUSSIA Country Report October 2022 www.intellinews.com