Markit: Russia’s Manufacturing PMI rises to 48.9 in August

MOSCOW, Sep 3 (PRIME) -- Russia’s Manufacturing purchasing manager’s index (PMI) grew to 48.9 in August from 48.1 in July, but was still under the 50 no-change mark, which means an overall deterioration of the conditions, researcher Markit said in a statement on Monday.

“August data signaled a further, albeit weaker, deterioration in manufacturing performance. Output and new orders continued to decrease, with new business from abroad giving a glimmer of positive news by increasing marginally,” Sian Jones, economist at Markit, said, as cited in the report.

For further details, please, see https://www.markiteconomics.com/Survey/PressRelease.mvc/872a15bcd81644698eedc476781613e5

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