The seasonally adjusted S&P Global Russia Manufacturing Purchasing Managers’ Index (PMI) posted 53.6 in July, down from 54.9 at the end of the second quarter, but well ahead of the 50 no-change benchmark, to signal a solid but softer upturn in manufacturing sector as the economy starts to come off the boil. (chart) Russia’s manufacturing sector continued to grow at the start of the third quarter of 2024, according to the latest PMI data from S&P Global. The sector’s health, however, showed the slowest improvement in six months, as both production and new orders decelerated. New order inflows c…
