US EditionRussian Manufacturing Contracts in June Decline at Fastest Rate in Three Years to 47.5
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4 Articles
Russia's economy just flashed warning signs about manufacturing and employment
Russian President Vladimir Putin could be staring down at a broad economic downturn.Gavriil Grigorov/Sputnik/APRussia's manufacturing activity contracted sharply in June, a sign that its economy could be slowing.The downturn was driven by weak demand and a strong ruble, impacting exports and jobs.Russia's economy, fueled by wartime spending, faces sustainability challenges amid global uncertainty.Russia's wartime economy may finally be losing st…
The PMI (Purchasing Managers' Index) of Russian companies, which reflects business activity in the manufacturing industries, in June this year fell from 50.2 points to 47.5 points. Thus, it not only fell into the recession zone (the limit separating growth from falling is at the 50 point mark),...
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Russian manufacturing contracts in June decline at fastest rate in three years to 47.5
Russia’s manufacturing sector recorded its sharpest downturn in more than three years in June, as weak domestic and international demand triggered renewed declines in new orders and output, S&P Global reported on June 30.
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