empty
 
 

2018.09.0302:56:00UTC+00Russia's Manufacturing Sector Deteriorates Further

Russia's manufacturing sector contracted for the fourth consecutive month in August, survey data from IHS Markit showed Monday.

The Purchasing Managers' Index, or PMI, rose to 48.9 in August from 48.1 in July. However, any reading below 50 suggests contraction in the sector.

The downturn was driven by marginal falls in both output and new orders.

Consequently, both employment and backlogs declined further amid reduced pressure on capacity.

On the price front, both input and output price inflation intensified in August. Panelists commonly attributed the rise in costs to recently-announced changes in VAT, exchange rate movements and higher raw material prices.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In April we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback