Russia manufacturing nears stabilisation in October
Russia manufacturing neared stabilisation in October as the PMI ticked up to 49.9. Declines in output, new orders and employment eased while business confidence improved.
Insights:
Russia's manufacturing sector hovered near stabilization in October as output, new orders, and employment declines eased. The S&P Global Russia Manufacturing PMI ticked up to 49.9 in October from 49.8 in September. The 50 mark separates growth from contraction.
