Russia's September manufacturing activity higher

Monday, 03/10/2016 | 10:22 GMT

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Russia's September manufacturing activity appreciated and performed its strongest rise within a period of two years while abroad orders tumbled the most.

Russia's Markit PMI to 51.1

The Markit PMI escalated to 51.1 from 50.8 and resumed higher than the threshold of 50 showing that the Russian nation regained momentum.

According to an IHS Markit economist, Samuel Agass, the domestic clients, this month, supported demand, amid the new business index slipping to a 26-month low.

Moreover, despite that the growth in output seems robust, the number of employees is reduced. Business from foreign clients dropped the most since 2014.

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Source: https://www.argusfx.com/en/research-education/market-analysis/news/russia-s-september-manufacturing-activity-higher

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