Home
Category
TV Live Menu
Loading data...

Russia's manufacturing PMI down in April

6450f033d3ad9
BM.GE
02.05.23 16:26
324
The purchasing managers index (PMI) for the Russian manufacturing industry decreased to 52.6 in April from 53.2 in March, data provider S&P Global announced on Tuesday.

"Rates of inflation reached the fastest for a year as firms sought to pass through hikes in supplier prices to customers," it said.

Meanwhile, the manufacturing sector's output improved for a ninth month in succession in April.

"The pace of expansion eased slightly from that seen in March, however, reflecting a weaker rate of demand growth during the month," according to S&P Global.

In April, Russian manufacturers posted a modest upturn in the health of the sector, the data provider said, adding that overall growth was driven by further increases in output and new orders.

Subscribe to our news

Get the main news of the day