Russia's economy declined by 0.7%

Baku. 3 October. REPORT.AZ/ Russia's GDP in January-August 2016 showed a decrease of 0.7% over the year.

Report informs citing the TASS news agency Russian Ministry of Economic Development said in a statement.

The ministry also said in the first 8 months of the year change in GDP not recorded. At the same time, Russia's foreign trade surplus in January-August decreased by 48.8% compared to the same period last year. In August, retail trade turnover in the country (without taking into account seasonal factors) fell by 0.1%.