Russia services activity grows at slowest pace in eight months -PMI

Russia services activity grows at slowest pace in eight months -PMI

© Reuters. FILE PHOTO: A woman looks on as she waits at a Chinese restaurant in Moscow, Russia March 13, 2023. REUTERS/Maxim Shemetov/File Photo

The S&P Global Purchasing Managers' Index for Russian services fell to 53.6 in October from 55.4 in September, but stayed above the 50 mark that separates expansion from contraction for the ninth consecutive month. Surveyed firms retained positive expectations for future output, with the degree of optimism rising to the highest since April 2019.

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