Russia's services sector contracts for first time in six months, PMI shows - reuters.com
Russia's services sector contracts for first time in six months, PMI shows reuters.com
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"The consequences are already evident in slowing industrial performance in the second quarter."
— Vladimir Chernov , Academic
"Our baseline forecast envisages PMI fluctuating in the 47-49 range, reflecting stagnation in the sector."
— Vladimir Chernov , Academic
"a quick return to growth above 50 is not yet in sight."
— Vladimir Chernov , Academic
"the government’s 1.3% growth forecast for 2026 is too optimistic and said it would be revised downward in April."
— Maxim Reshetnikov , Politician
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<a href="https://news.google.com/rss/articles/CBMirwFBVV95cUxNYktVeFU1SEpYbDd4S0RlWHB1cTBZbGVFdTloajVvWXNYSmxpLTlLNm9HeDFQdndDN0wtUHdHZzJLMkZMWE80SDlxOTlfa0NxUTVXczRiLXlDbGV1R0RXNGsxWTJaaV9XSEJjcC12M2p2dWRjMmxZM2pCUlJBZ01nY05FLUJSNWZYb0hUcGJrcXc4T3hyVDU5NVoyaW1KSkFPWkVMbVdCdlBubC1mMnYw?oc=5" target="_blank">Russia's services sector contracts for first time in six months, PMI shows</a> <font color="#6f6f6f">reuters.com</font>
Russia's services sector contracted in March for the first time in six months, with the S&P Global Russia Services PMI falling to 49.5 from 51.3 in February, indicating a decline in demand and new orders.
In July 2025, Russia's services sector contracted at its fastest pace since June 2024, with the S&P Global Purchasing Managers' Index (PMI) falling to 48.6 from 49.2 in June, attributed to a drop in new orders amid a subdued sales environment.
Russia's manufacturing sector extended its downturn in March, with the S&P Global Purchasing Managers' Index (PMI) for Russian manufacturing falling to 48.3 from 49.5 in February, remaining below the 50 threshold that separates growth from contraction.
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