Russia's factory activity deteriorated further in March amid faster decreases in output and new orders, survey results from S&P Global showed on Wednesday.
The manufacturing purchasing managers' index, or PMI, dropped to 48.3 in March from 49.5 in February. Any reading below 50 indicates contraction.
New orders fell at the fastest pace in five months due to competition and reduced consumer purchasing power, and export demand was weaker in March.
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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.