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Russia Manufacturing Activity Slips In To Contraction

By Midhin P.K.  ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

Russia's manufacturing sector contracted for the first time in twenty-nine months in September amid renewed declines in output, new orders, and employment, survey results from S&P Global showed on Tuesday.

The manufacturing purchasing managers' index, or PMI, dropped to 49.5 in September from 52.1 in August. Any score below suggests contraction, while a reading above 50 indicates expansion in the sector.

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