Russia's factory activity deteriorated further in August amid continued contractions in new orders and output, survey results from S&P Global showed on Monday.
The manufacturing purchasing managers' index, or PMI, climbed to 48.7 in August from 47.0 in July. However, any reading below 50 indicates contraction.
The overall downturn in August was due to weak demand conditions and a reduction in new orders. New export orders also declined amid muted demand from clients in existing markets.
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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.