Strong Growth in Key Sectors

Russia's economy has demonstrated notable resilience, expanding by 1.4% year-on-year in the first quarter of 2025, as per Rosstat's preliminary GDP estimate released on Friday.

Drivers of Growth

The growth was propelled by significant advancements in several sectors. Food services turnover surged by 7.1%, while construction and manufacturing sectors saw increases of 6.9% and 4.7%, respectively, compared to the same period in 2024. Additionally, retail trade and agriculture sectors also contributed positively to the economy's upward trajectory.

Areas of Decline

Despite the overall growth, certain sectors experienced downturns. The energy supply sector saw a decrease of 3.9% year-over-year, with mining and wholesale trade also declining by 3.7% and 2.1%, respectively.