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Reuters
Russian factory activity expands at fastest rate in Sept since 2019 – PMI
MOSCOW (Reuters) -Russian manufacturing activity grew at its fastest rate in 3-1/2 years in September, driven by rises in production, new orders and client demand, a business survey showed on Monday, though Western sanctions continued to weigh on export business. The S&P Global Purchasing Managers’ Index (PMI) rose in September to 52.0 from 51.7 in the previous month, climbing higher above the 50.0 mark that separates expansion from contraction to its highest point since March 2019. “Client demand was focused on domestic customers, however, as new export orders declined steeply,” S&P Global said in a monthly survey.
