Russia Factory Output Posts Surprise Growth

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Russia’s industrial output climbed by 3.7% year-on-year in December 2025, after a revised 0.4% increase in November, beating analysts’ forecast of a 1% drop. This marked the strongest increase in industrial activity since December 2024. On a monthly basis, industrial production surged by 19%, following a 2.6% slump in the prior month. Considering the full year of 2025, industrial output rose by 1.3%, down markedly from a 5.1% jump in the previous year and below the government’s forecast of 1.5%.

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