The seasonally adjusted S&P Global Russia Services PMI Business Activity Index slipped into the red in May posting a score of 49.8, down from 50.5 in April, just above the no-change benchmark of 50. (chart) “The decline in activity brought to an end a 15-month sequence of expansion. Lower output levels were often attributed by panellists to more subdued demand conditions and little change in new orders on the month,” S&P Global reported. The service’s result follows on from very robust growth in the manufacturing PMI, which posted 54.4 in May, well above the 50 no-change mark. Job creation in …