Russian GDP Fell 4.2% Y/Y in April, Economy Ministry Says

Russia revises March GDP decline to 2.7% y/y vs previous est. of 3.4% drop, Economy Ministry says in website report on website.

  • April trade balance fell 17% y/y to $16.5b
    • Exports fall 31% y/y to $32.7b
    • Imports fall 42% y/y to $16.2b
  • Link to statement (Russian): http://bit.ly/1GfOOai
  • NOTE: Russian GDP Fell 3.4% Y/y in March, Economy Ministry Says Link
  • NOTE: Russian Wages Sink Most Since 1999 as Retail-Sales Slump Deepens Link

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