Markit: RussiaТs Manufacturing PMI falls to 45.6 in November - Business Wire - 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 Manufacturing PMI falls to 45.6 in November

MOSCOW, Dec 2 (PRIME) -- RussiaТs Manufacturing Purchasing ManagersТ Index (PMI) decreased to 45.6 in November from 47.2 in November, falling to the lowest point since May 2009 and remaining below the 50 no-change mark, which means overall deterioration, researcher IHS Markit said on Monday.

УThe overall contraction was driven by weaker demand conditions, with production and new orders falling at steeper rates. In turn, goods producers reduced their workforce numbers further and output expectations slumped to the weakest for two years,Ф the agency said.

Inflationary pressure was reduced to the lowest level in the history, while weak demand and provision of discounts did not lead to a noticeable increase in production prices.

УRussian manufacturing firms continued to highlight challenging domestic and foreign demand conditions, with the sector recording its worst performance since May 2009 in November. The deterioration was driven by a slump in new business and subsequent drop in production. As a result, firms were less certain of a rise in output over the coming year, with hesitancy also reflected in a sharper fall in employment,Ф Economist Sian Jones said as quoted by Markit.

УOur current industrial production forecast points towards a slowdown in output in the final quarter of 2019 and during the opening months of 2020 as muted domestic consumer spending is expected to weigh on the expansion,Ф Jones said.

End

02.12.2019 10:03
 
 
Share |
To report an error select text and press Ctrl+Enter
 
 
Central Bank Official Rate
1W 1M 1Y
USD
EUR 79.2207 -0.2974 04 jul
USD 70.4999 -0.0199 04 jul
Stock Market Indices
1D 1W 1M 1Y
MICEX
rtsi 1235.18 -1.05 18:50 03 jul
micex 2801.66 +0.46 18:50 03 jul
Stock Quotes in RUR
1D 1W 1M 1Y
GAZP
gazp 195.28 +0.50 23:49 03 jul
lkoh 5416.00 +1.94 23:49 03 jul
rosn 366.05 +1.17 23:49 03 jul
sber 209.60 +3.14 23:49 03 jul
MICEX Ruble Trading
1D 1W 1M 1Y
USDTD
EURTD 80.0825 +0.7275 14:59 03 jul
USDTD 71.4450 +1.1075 17:44 03 jul