Russia's service sector growth accelerated slightly in December to the highest level in nearly a year as output and new orders logged faster upturns, survey results from S&P Global showed on Tuesday.
The services purchasing managers' index, or PMI, rose to 52.3 in December from 52.2 in November. A score above 50 suggests expansion in the sector. Further, the rate of business activity growth was the quickest since the opening month of 2025.
New orders grew at the sharpest pace in seven months on the back of stronger demand conditions. Despite this, companies reduced workforce numbers modestly after a five-month period of job creation, and pressure on capacity was reflected in a more marked accumulation of backlogs.
On the price front, input cost inflation eased to the lowest since May 2009, linked to a reduction in wage bills following lower employment and moderations in prices for some materials. As a result, selling price inflation moderated to a 6-month low.
The composite output index came in at 50.0 in December versus 50.1 in November, signaling stagnant activity levels in the Russian private sector.
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December 26, 2025 08:42 ET Third quarter economic growth data from some major economies including the U.S. were the main news in this holiday shortened week. GDP growth and industrial production data from the U.S. helped to boost morale, while the consumer confidence survey results were less upbeat. In Europe, the quarterly economic growth data from the U.K. drew attention, while the minutes of the Australian central bank’s latest policy session was in focus in Asia.