OREANDA-NEWS. On 19 January 2009 was announced, that according to the State Statistics Committee, industrial output fell by 3.1%, y/y in 2008, though grew 3.2%, m/m in December. The monthly growth was mainly explained by the increase in mining output (up 21.7%, m/m) and slight recovery in metallurgy and mechanical engineering (up 16.3%, m/m and 12.6%, m/m, respectively).  While annual growth was seen only in mechanical engineering, wood products and printing (8.6%, 9.6% and 7.3%, y/y in 2008).  At the same time the annual metallurgy drop was 10.6%, y/y , while mining fell by 15.0%, y/y.