Loading page content
Data from FMP. Forecasts by Sigmanomics Forecast Engine.
RussiaRussia Industrial Production fell to -2.1% in March 2013
FMPMonthlyReleased March 2013
Russia Industrial Production fell to -2.1% in March 2013, down 1.3% from February's -0.8% reading. The reading missed the -0.9% consensus by 1.2%.
Latest Release
-2.1
Actual
-0.9
Consensus
-0.8
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| EUR/USD | ▲ Direct | +0.30 | FOREX | Watch | → View |
| USD/JPY | ▼ Inverse | −0.30 | FOREX | Watch | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Watch | → View |
| S&P 500 | ▲ Direct | +0.30 | INDEX | Watch | → View |
| BTC/USD | ▲ Direct | +0.30 | CRYPTO | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Industrial Production (Russia) was reported at -2.1% in March 2013. This missed the market consensus of -0.9% by 1.2%. The reading fell from the previous value of -0.8%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with BTC/USD (Watch). A secondary relationship exists with USD/JPY, negatively correlated (Watch).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Gross Domestic Product YoY (Jun 17) and Interest Rate Decision (Jun 19).
Auto-generated from current model state · Refreshes on each release · Last update March 2013.
SHARE
Industrial Production - RU
Loading chart data...
About Industrial Production — Russia
DEFINITION
Industrial Production is a key economic indicator that measures the output of manufacturing, mining, and utilities sectors in a country. It provides valuable insights into the overall health and performance of the industrial sector, which is a major contributor to a country's GDP. This indicator is closely monitored by investors, policymakers, and analysts as it reflects the level of production and capacity utilization in the economy, and can signal potential changes in business cycles. A higher industrial production is generally associated with economic growth and can have a positive impact on employment and consumer spending.
WHY THIS INDICATOR MATTERS
Manufacturing and factory-order series capture cyclical inflection earlier than aggregate output, and have outsized influence on industrial-sector equities. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Mar 2013): actual -2.1 %, consensus -0.9 %.