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. Last Updated: 07/27/2016

Output Grows in 8 CIS Countries

Industrial output grew in eight of the 12 members of the Commonwealth of Independent States in the first half of this year, the CIS Interstate Statistics Committee said in its latest bulletin.


The strongest growth was recorded in the Central Asian republics of Turkmenistan and Kyrgyzstan, recovering from steep declines a year earlier.


But industrial production continued to fall in Russia, the group's largest member, and was sharply lower in Tajikistan, which is now gripped by civil war.


A year ago Armenia, recovering from its own war with Azerbaijan and a devastating earthquake, was the only country to show growth.


On average, industrial production in the CIS in the first half of this year was 2.5 percent lower than a year earlier, compared with a 6.7 percent fall in the first half of 1995.


Gross domestic product in the first six months of this year fell 5 percent.


Data from the committee also pointed to a sharp slowdown in inflation, with prices actually falling in three of the countries in June.