Russia's service sector activity expanded at the slowest pace in five months in February, survey results from S&P Global showed on Wednesday.
The services purchasing managers' index, or PMI, dropped to 51.3 in February from 53.1 in January. A score above 50 suggests expansion in the sector.
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Business News
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.