Russia showed signs of recovering from the economic slump in September.

Economic Development Minister Elvira Nabiullina reports that GDP growth in the first nine months of the year amounts to 3.4%  and investment has been increasing at a rate of 10% a month.

Nabiullina indicated the fast pace of growth in the food, metal-working and pulp and paper industries as Russia moves away from one-sided development based on raw materials.