Russian manufacturing shrinks for third straight month in July: PMI


The index’s headline reading fell to 48.1, its lowest since July 2016, from 49.5 in June. The index remained below the 50.0 mark that separates expansion from contraction as both output and new orders declined in July

“On a positive note, pressure on profit margins eased as input prices rose at the slowest rate since March,” Sian Jones, an economist at IHS Markit

Business confidence remained relatively strong even though it has weakened to a seven-month low, the survey showed.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s