Russia’s services PMI was back into the black in July, rising to 51.1 points against 47.6 points in June and above the 50 no-change benchmark, S&P Global reported on August 5. (chart) ‘The seasonally adjusted S&P Global Russia Services PMI Business Activity Index registered 51.1 at the start of the third quarter, up from 47.6 in June. The latest data signalled a renewed expansion in output, and one that was the fastest since March. Higher business activity was linked by firms to stronger demand conditions and greater new order intakes,’ the report said. The result follow on from manufacturing …