Rus News Journal

Growth of gross national product of Russia in January - October has made 6,7 %

gross national product Growth in January - October, 2004 has made 6,7 %. The director of department of macroeconomic forecasting MERT Andrey Klepach has informed On it on Monday to journalists.

Under the forecast of Ministry of economic development and trade, inflation in November will be not less than 1 %.

" Inflation in November will be same or above, as in November of last year " - Klepach has told, having reminded that last year in this MTH the rise in prices has made 1 %.

According to representative MERT the Russian Federation, gross national product growth in October, 2004 in comparison with October, 2003 has made 5 %.

" Inflation goes above target reference points " - the official ascertained. It was planned that following the results of a year the rise in prices will not exceed 10 %. However, as he said, inflation for ten MTH has already made 9,3 %.

Klepach explains it not so much strengthening of rouble, how much a rise in prices for such goods as gasoline and mjasomolochnuju production.

Klepach has refused to make comments, the target indicator on inflation will be how much particularly exceeded.

" much will depend on how there will be a balance of supply and demand on those goods which rise in price is most QIK - gasoline and meat " - the official has explained. " demand for them grows, and the situation W the offer on these positions is much worse " - he has added.

Klepach has informed 2 that by December, 1st MERT should present to the government the specified forecast on growth of gross national product and industrial production following the results of a year. The previous forecast of gross national product made 6,9 %. Current dynamics yet does not allow to SPK that this forecast will be executed, has noted Klepach. As he said, much will depend on what will be dynamics of growth in mechanical engineering, light industry and a number of other branches.

in October revival in metallurgy and mechanical engineering was observed. Mechanical engineering, Klepach has noted, left stagnation of last three MTH and has shown in October of 0,7 % of growth in relation to September. At the same time in October manufacture of cars and trucks was reduced, has informed Klepach, having noticed that 4 domestic motor industry is characteristic, as it was expressed, " lame dynamics ".