ADVERTISEMENT

ECONOMY

Russian manufacturing sector sees sharp improvement

ISTANBUL

The Russian manufacturing sector improved sharply in September, growing at its fastest pace in six years, S&P Global said on Monday.

The sector saw the strongest expansion in new orders since January 2017, and the fastest rise in employment since November 2000, it said in a report, adding that input buying grew at a record pace “despite sharper cost inflation.”

The Purchasing Managers’ Index (PMI) for the manufacturing sector came at 54.5, from 52.7 in August.

“Overall growth accelerated for the second month running and was notably faster than the long-run series average,” it said.

  • We use cookies on our website to give you a better experience, improve performance, and for analytics. For more information, please see our Cookie Policy By clicking “Accept” you agree to our use of cookies.

    Read More