Russia's factory activity deteriorated at the slowest pace in nine months amid broad stabilization in new orders after an 8-month sequence of contraction, survey results from S&P Global showed on Monday.
The manufacturing purchasing managers' index, or PMI, rose slightly to 49.5 in February from 49.4 in January. However, any reading below 50 indicates contraction.
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May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.