Russia's manufacturing sector expanded at a steady pace in February, a survey by Markit Economics revealed Friday.
The headline HSBC purchasing managers' index scored 52 in February, unchanged from the previous month. Readings above 50 indicates expansion of the sector.
Manufacturing new order growth eased slightly in February, but remained strong. At the same time, new export orders stagnated.
Output registered another moderate increase in February, but at a rate that was slightly weaker than in January. Despite improvement in overall activity, manufacturers cut jobs for a fourth month in a row, the survey found.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.