Russian Manufacturing Contracts for 11th Straight Month
Russia's Manufacturing PMI fell to 48.1 in April as output and orders declined. Employment saw its sharpest drop in four years while input price pressures rose.
Russia manufacturing contracted for the 11th consecutive month in April as the S&P GLOBAL INC PMI fell to 48.1. The reading dropped from 48.3 in March, remaining below the 50.0 threshold that separates growth from contraction. Persistent weakness in new orders and the sharpest employment drop in four years signal deepening structural labor constraints.
### Labor and Order Trends Employment fell for a fifth month in April, marking the fastest decline in four years. Staffing levels dropped as firms opted not to replace voluntary leavers, while reduced working hours led to further departures. Backlogs of work also shrank at the fastest rate in one year.
