S&P Global: RussiaТs Manufacturing PMI rises to 53.5 in May - 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

S&P Global: RussiaТs Manufacturing PMI rises to 53.5 in May

MOSCOW, Jun 1 (PRIME) -- RussiaТs Manufacturing Purchasing ManagersТ Index (PMI) grew to 53.5 in May from 52.6 in April, above the no-change mark of 50, research agency S&P Global said in a statement on Thursday.

УRussian manufacturing firms indicated a stronger improvement in the health of the sector during May, according to the latest PMI data from S&P Global. Overall growth was supported by faster expansions in output and new orders, with employment rising at the sharpest pace for 22-and-a-half years,Ф the agency said.

Hiring activity and business confidence was buoyed by further anticipated increases in new orders, with firms also stepping up their purchasing activity in line with greater production requirements,Ф the agency also said.

End

01.06.2023 09:17
 
 
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