Markit: Russia’s Services PMI rises to 54.9 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: Russia’s Services PMI rises to 54.9 in January

MOSCOW, Feb 5 (PRIME) -- Russia’s Services Purchasing Managers’ Index (PMI) rose to 54.9 in January from 54.4 in December, remaining above the 50 no-change mark, which means an overall expansion, research company IHS Markit said in a report on Tuesday.

Markit’s Russia Composite Output Index that covers both manufacturing and services sectors fell to 53.6 from 53.9.

Business activity across the Russian service sector continued to expand in January, with the rate of growth accelerating from that seen in December, the report said. The upturn in output was supported by a sharp increase in new business and the fastest rise in new export orders since that series began in September 2014.

“The Russian service sector continued to signal healthy growth in business activity at the start of 2019. A faster rise in new business supported a solid rate of job creation among service providers,” Sian Jones, economist at IHS Markit, commented on the survey.

“Of key importance at both the sector and composite level was the recent hike in VAT. Input price inflation faced by service providers spiked to its fastest in over a decade. Encouragingly, service sector firms were able to raise output charges at the quickest rate since December 2014.”

End

05.02.2019 09:51
 
 
Share |
To report an error select text and press Ctrl+Enter
 
 
Central Bank Official Rate
1W 1M 1Y
USD
EUR 98.7187 +0.0108 27 apr
USD 92.0134 -0.1180 27 apr
Stock Market Indices
1D 1W 1M 1Y
MICEX
micex 3449.77 +0.29 18:51 26 apr
Stock Quotes in RUR
1D 1W 1M 1Y
GAZP
gazp 163.35 0.00 23:50 26 apr
lkoh 7827.50 +0.09 23:50 26 apr
rosn 581.50 +0.29 23:14 26 apr
sber 308.41 +0.15 23:50 26 apr
MICEX Ruble Trading
1D 1W 1M 1Y
USDTD
EURTD 97.7950 -0.7025 14:59 26 apr
USDTD 91.5550 -0.4975 17:44 26 apr