At the end of October, the business activity index (PMI) in the Russian service sector rose to 51.6 points. This is proven by: results Research from analysts at S&P Global.
“The index of business activity in October was 51.6 compared to 50.5 in September, indicating a modest but more significant increase in production volumes of Russian service companies,” the study says.
Analysts noted that an index value above 50 indicates an increase in business activities. Accordingly, a value below this indicator indicates the predominance of pessimistic expectations of participants in a particular sector of the economy.
October 1 S&P Global reportedRussian manufacturing industry PMI index was 49.5 points at the end of September. The indicator fell below 50 points for the first time since April 2022.
It was previously known in Russia grew up Traffic in restaurants and bars.
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Source: Gazeta
Ben Stock is a business analyst and writer for “Social Bites”. He offers insightful articles on the latest business news and developments, providing readers with a comprehensive understanding of the business world.