Markit: RussiaТs Services PMI falls to 55.1 points in January - News Archive - 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

Markit: RussiaТs Services PMI falls to 55.1 points in January

MOSCOW, Feb 5 (PRIME) -- RussiaТs Services Purchasing ManagersТ Index (PMI) fell to 55.1 in January from 56.8 in December 2017, researcher IHS Markit said in a report on Monday.

УBusiness activity growth across the Russian service sector remained strong in January, despite the pace of expansion easing to a three-month low. Similar to the trend in output, the latest upturn in new business was the softest since August 2017. Furthermore, backlogs continued to contract amid little sign of pressure on capacities,Ф Markit said.

Still, MarkitТs Russia Composite Output Index, which comprises both manufacturing and services sectors, also contracted to 54.8 points in January from 56.0 in December. УThe latest index reading signaled a softer overall expansion, with a slight acceleration in manufacturing growth being outweighed by a weaker upturn in service sector output,Ф the research note read.

Average prices for services grew insignificantly, and the growth was the slowest since March 2017. But backlogs continued contraction, and its pace accelerated to the fastest rate since April 2016. The speed of job creation in the sector slowed down to the five-month minimum, reflecting low pressure on capacity requirements, the researcher said.

УThe Russian service sector indicated a solid start to 2018, with strong expansions in output and new business,Ф the company said quoting Economist Sian Jones.


05.02.2018 09:48
Share |
To report an error select text and press Ctrl+Enter
Central Bank Official Rate
1W 1M 1Y
EUR 77.7529 -0.6084 21 sep
USD 66.4725 -0.5373 21 sep
Stock Market Indices
1D 1W 1M 1Y
rtsi 1151.05 +1.49 13:49 20 sep
micex 2420.64 +0.67 13:49 20 sep
Stock Quotes in RUR
1D 1W 1M 1Y
gazp 157.58 +0.12 13:32 20 sep
lkoh 4714.50 -0.10 13:32 20 sep
rosn 442.40 +1.04 13:32 20 sep
sber 196.25 +1.21 13:32 20 sep
MICEX Ruble Trading
1D 1W 1M 1Y
EURTD 78.1300 -1.0600 14:59 20 sep
USDTD 66.7525 -0.6175 17:44 20 sep