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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May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.