S&P Global: RussiaТs Services PMI rises to 51.7 in June - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

S&P Global: RussiaТs Services PMI rises to 51.7 in June

Autoservice01MOSCOW, Jul 5 (PRIME) -- RussiaТs Services Purchasing ManagersТ Index (PMI) grew to 51.7 in June from 48.5 in May, rising above the 50-point no-change mark, research agency S&P Global said in a statement on Tuesday.

"Service sector firms in Russia registered a return to growth in business activity during June, according to the latest PMI data. Output rose marginally, as new orders increased for the first time in nine months and at the fastest pace for a year,Ф the researchers said

УClient demand was supported by domestic customers, with new export orders continuing to contract. At the same time, output expectations regarding the year-ahead outlook strengthened to their highest since February. Companies continued to reduce their workforce numbers, albeit at a slower pace, amid a further fall in backlogs of work.Ф

Researcher Markit recently joined S&P Global, before that the index was called IHS Markit PMI.

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05.07.2022 09:56
 
 
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