Fixed capital investment in Russia soared 20.6% year-on-year in April to 529.6 billion rubles, the Federal State Statistics Service (Rosstat) said.

Analysts told Interfax in a consensus forecast that they expected investment to grow 20.3%.

Fixed capital investment did grow 20.3% in January-April. It grew 19% in January, 21.2% in February and 21.2% in March.

Investment grew record 21.1% in 2007 and analysts forecast growth of 17% in 2008. The Russian Economic Development and Trade Ministry last week adjusted its forecast growth for the full year to 17.8% from 14.4%.