Markit: Russia’s Services PMI rises to 53.3 in August

MOSCOW, Sep 5 (PRIME) -- Russia’s Services purchasing managers' index (PMI) grew to 53.3 in August from 52.8 in July and remained above the 50 no-change mark, which means an overall expansion, research company Markit said in a statement on Wednesday.

“Russian service sector business activity growth accelerated in August, with output increasing at a solid rate. New business also expanded solidly, but the pace of growth eased from July due to more fragile demand conditions in some areas,” Sian Jones, economist at Markit, said.

Russia’s Composite PMI rose to 52.1 in August from 51.7 in July.

For more detail, please, click on the link: https://www.markiteconomics.com/Survey/PressRelease.mvc/7a64566942054ba69c611beb31c3accf

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