Russian services sector nearly stalls in October
Russia services sector neared stagnation in October with output rising fractionally and new orders falling for the first time in three months. Input cost inflation accelerated while business confidence softened.
Insights:
Russia's services sector stalled in October as the S&P Global Russia Services PMI Business Activity Index fell to 50.1 from 51.3 in September. The reading marks a near-stagnation, sitting just above the 50-point threshold separating expansion from contraction. Economic uncertainty weighed heavily on domestic and international demand during the month.
