Russia’s industrial production growth slowed to 0.5% year-on-year, down from the previous 0.7% increase. This marks a 0.2 percentage point decline, indicating a weaker industrial output.
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The actual industrial production figure fell short of analyst estimates of 0.8%, suggesting a softer industrial sector performance than anticipated. This underperformance is likely to weigh on industrial and manufacturing stocks, as investors may adjust expectations for future growth. The market impact is expected to be short-term, driven by sentiment rather than long-term policy changes.