Markit: Russia's Manufacturing PMI falls to 46.9 in October

MOSCOW, Nov 2 (PRIME) -- Russia's Manufacturing Purchasing Managers' Index (PMI) fell to 46.9 in October from 48.9 in September, below the 50 no-change mark, which signals an overall decline, researcher Markit said on Monday.

"Russian manufacturers lost further momentum towards recovery in October, as output and new  orders contracted.  The one bright spot was foreign demand which rose for the first time since December 2018," Sian Jones, economist at IHS Markit, said, as cited in the statement.

According to the official, the Russian manufacturing sector will continue to contract until April–June 2021 because of the pandemic and troubles with domestic demand.

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