By Amie Ferris-Rotman

 

MOSCOW--Russia's industrial output edged up in 2016 compared with the year before, data from the Federal Statistics Service showed Monday.

Industrial output grew by 1.1% in 2016 year-on-year.

The data suggests the Russian economy is improving and is likely to return to growth. The country's economy has been beset by a two-year recession on the back of Western sanctions and low prices of oil, Russia's key export.

The Russian government last week said gross domestic product is expected to grow between 1% and 2% in 2017.

Output in the mining sector grew by 2.5%, manufacturing was up by 0.1%, and utility sector output increased by 1.5%.

 

Write to Amie Ferris-Rotman at amie.ferris-rotman@wsj.com

 

(END) Dow Jones Newswires

January 23, 2017 08:28 ET (13:28 GMT)

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