Russia Manufacturing Shrinks On Weaker Demand

avatar
· 阅读量 1,021
Russia's manufacturing sector contracted in September after modest growth in the previous month, mainly due to weaker demand and cost pressures, survey data from IHS Markit showed on Wednesday.

The headline seasonally adjusted IHS Markit Russia Manufacturing purchasing managers' index dropped to 48.9 in September from 51.1 in August.

A PMI reading below 50 suggest contraction in activity.

The latest decline was largely driven by a fall in new orders, especially those from abroad. Meanwhile output continued to increase, albeit at a softer pace. Input prices rose sharply.

The survey data were collected from September 11 to 24.

"Although firms resumed operations following the easing of restrictions, subdued order inflows and muted business confidence did not encourage the expansion of workforce numbers, with the rate of job shedding accelerating," IHS Markit economist Sian Jones said.

"With uncertainty in the global economy prevailing and domestic demand struggling for momentum, there remains a long recovery path ahead for the manufacturing sector," the economist added.

 

 

风险提示:本文所述仅代表作者个人观点,不代表 Followme 的官方立场。Followme 不对内容的准确性、完整性或可靠性作出任何保证,对于基于该内容所采取的任何行为,不承担任何责任,除非另有书面明确说明。

喜欢的话,赞赏支持一下
回复 7

暂无评论,立马抢沙发

  • tradingContest