Russia’s Manufacturing PMI rises to 52 in December

MOSCOW, Dec 28 (PRIME) -- Russia’s Manufacturing Purchasing Managers’ index (PMI) increased to 52.0 in December from 51.5 in November, research organization Markit said in a statement on Thursday.

“The seasonally adjusted IHS Markit Russia Manufacturing Purchasing Managers’ IndexTM (PMI) – a composite single-figure snapshot of the performance of the manufacturing economy –posted 52.0 in December, up from 51.5 in November. The latest index reading signaled solid growth across the Russian manufacturing sector and reached a five-month high,” the research said.

A stronger overall upturn was supported by accelerated growth in output and new orders. Backlogs contracted for the fourth consecutive month and employment levels were broadly unchanged.

Production levels at Russian manufacturers increased further in December, with the pace of expansion accelerating to reach a four-month high.

End