FOREX TradingCharts.com

Financial News: Russia Manufacturing Activity Expands Slightly In October

Russia Manufacturing Activity Expands Slightly In October

11/01/2024 - 02:47:00 (RTTNews)

(RTTNews) - Russia's manufacturing sector bounced back somewhat in October as the decline in output and new orders softened, survey results from S&P Global showed on Friday.

The manufacturing purchasing managers' index, or PMI, rose to 50.6 in October from 49.5 in September. A reading above 50 indicates expansion, while any score below 50 suggets contraction in the sector.

Although output and new orders continued to contract, rates of decrease eased and were only marginal, the survey said. Meanwhile, new export orders grew further and at the fastest pace since early 2008 amid stronger demand from customers in neighboring countries.

Russian goods producers registered a fresh rise in employment amid burgeoning pressure on capacity.

On the price front, input price inflation accelerated to a three-month high, driven by higher shipping and rail transportation costs, increased supplier prices, and unfavorable exchange rate movements. As a result, prices also increased at a quicker rate.

Firms remained optimistic about output expectations over the year ahead amid planned investment in automation and new product development. Nonetheless, the expansion in input buying slowed as firms opted to work through their stocks to supplement sales and production.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2024 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Dutch Manufacturing Downturn Deepens In October (13 min(s), 29 sec(s) ago)
(RTTNews) - Dutch manufacturing activity deteriorated at a faster pace in October amid subdued dem ...Full Story»

Swedish Factory Activity Growth Improves (40 min(s), 29 sec(s) ago)
(RTTNews) - Sweden's manufacturing sector growth strengthened at the start of the fourth quart ...Full Story»

Swiss Inflation Eases Further To 0.6%, Lowest Since June 2021 (01 hr(s), 32 min(s), 29 sec(s) ago)
(RTTNews) - Switzerland's consumer price inflation eased unexpectedly in October to the lowest ...Full Story»

UK House Price Inflation Slows To 2.4%: Nationwide (02 hr(s), 04 min(s), 29 sec(s) ago)
(RTTNews) - House price inflation in the UK eased for the first time in six months in October, the ...Full Story»

Russia Manufacturing Activity Expands Slightly In October (02 hr(s), 50 min(s), 29 sec(s) ago)
(RTTNews) - Russia's manufacturing sector bounced back somewhat in October as the decline in o ...Full Story»

European Economic News Preview: UK Factory PMI Data Due (04 hr(s), 27 min(s), 29 sec(s) ago)
(RTTNews) - Factory Purchasing Managers' survey results and house prices from the UK are due o ...Full Story»

China Manufacturing Activity Returns To Growth (05 hr(s), 09 min(s), 29 sec(s) ago)
(RTTNews) - China's manufacturing activity returned to growth in October as companies ramped u ...Full Story»

Australia Producer Prices Climb 0.9% In Q3 (23 min(s), 31 sec(s) ago)
(RTTNews) - Producer prices in Australia were up 0.9 percent on quarter in the third quarter of 20 ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Dutch Manufacturing Downturn Deepens In October

11/01/2024 - 05:24 AM (RTTNews)
(RTTNews) - Dutch manufacturing activity deteriorated at a faster pace in October amid subdued dem ...Full Story>>

Swedish Factory Activity Growth Improves

11/01/2024 - 04:57 AM (RTTNews)
(RTTNews) - Sweden's manufacturing sector growth strengthened at the start of the fourth quart ...Full Story>>

Swiss Inflation Eases Further To 0.6%, Lowest Since June 2021

11/01/2024 - 04:05 AM (RTTNews)
(RTTNews) - Switzerland's consumer price inflation eased unexpectedly in October to the lowest ...Full Story>>

UK House Price Inflation Slows To 2.4%: Nationwide

11/01/2024 - 03:33 AM (RTTNews)
(RTTNews) - House price inflation in the UK eased for the first time in six months in October, the ...Full Story>>

Russia Manufacturing Activity Expands Slightly In October

11/01/2024 - 02:47 AM (RTTNews)
(RTTNews) - Russia's manufacturing sector bounced back somewhat in October as the decline in o ...Full Story>>

Do not sell my personal information

Copyright © 2024. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.