Russian Manufacturing Contracts in September
Russian manufacturing contracted slightly in September as weak demand drove further declines in output and new orders. Employment fell at its fastest rate since May.
Insights:
Russia's manufacturing sector contracted slightly in September as weak demand dragged down output and new orders, according to a business survey released on Wednesday morning. The headline PMI rose to 49.8 in September from 48.8 in August, remaining below the 50-mark that separates growth from contraction. The ongoing downturn signals persistent headwinds for industrial producers amid shifting trade routes and higher operational costs.
