Fédération de Russie Pmi Composite

The S&P Global Russia Composite PMI increased to 50.9 in October from a 21-month low of 49.4 in September, driven by faster growth in services output and a slower decline in manufacturing production. New order growth accelerated, owing to a further increase in services new business and only a fractional drop in manufacturing new business. Meanwhile, both manufacturers and service providers expanded their hiring numbers, while a decrease in outstanding business continued. On the cost side, quicker increases in both input costs and output charges signaled stronger inflation pressures. Greater staffing and supplier costs were reportedly passed on to customers, with upticks broad-based across sectors.