The Russian service sector activity deteriorated further in July amid a renewed decline in new orders, survey results from S&P Global showed on Tuesday.
The services purchasing managers' index, or PMI, dropped to 48.6 in July from 49.2 in June. Any reading below 50 indicates contraction in the sector. Further, the rate of decline was the steepest since June 2024.
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April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.