FOREX TradingCharts.com

Financial News: Russia Manufacturing Growth Strongest Since April 2019

Russia Manufacturing Growth Strongest Since April 2019

03/01/2021 - 01:17:00 (RTTNews)

(RTTNews) - Russia's manufacturing expanded at the fastest pace in nearly two years in February, underpinned by robust output and new order growth.

The Russia Manufacturing PMI rose to 51.5 in February from 50.9 in January, survey data from IHS Markit showed Monday. The overall upturn was the sharpest since April 2019, the research group said.

The pace of decline in export business slowed, but orders remained robust. Employment grew the most in over two years.

Business confidence was the highest in over a year, thus back to levels last seen before the coronavirus disease 2019 (COVID-19) pandemic.

Vendor performance deteriorated at the fastest pace since May 2020 as lead time for inputs were longer largely due to transportation delays and supplier shortages.

Input price inflation was among the steepest since February 2015 and the pace of output price inflation accelerated to the sharpest in six years as firms raised prices sharply in a bid to pass on the burden of higher costs.

"Our current forecast expects industrial production to rise 4.1 percent in 2021, as the sector seeks to recover from the downturn seen in 2020," IHS Markit economist Sian Jones said.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2021 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


ECB's Lagarde Says Eurozone Economy May Resume Growth In Q2 (01 hr(s), 04 min(s), 03 sec(s) ago)
(RTTNews) - The European Central Bank President Christine Lagarde on Thursday said the near term o ...Full Story»

Eurozone Consumer Confidence Improves For Third Month (02 hr(s), 24 min(s), 03 sec(s) ago)
(RTTNews) - Eurozone consumer confidence strengthened for a third straight month in April to its h ...Full Story»

U.S. Leading Economic Index Jumps Much More Than Expected In March (03 hr(s), 11 min(s), 03 sec(s) ago)
(RTTNews) - A report released by the Conference Board on Thursday showed its index of leading U.S. ...Full Story»

U.S. Existing Home Sales Show Another Steep Drop In March (03 hr(s), 18 min(s), 03 sec(s) ago)
(RTTNews) - The National Association of Realtors released a report on Thursday showing another ste ...Full Story»

U.S. Jobless Claims Unexpectedly Drop To New One-Year Low (04 hr(s), 30 min(s), 03 sec(s) ago)
(RTTNews) - After reporting a sharp pullback in first-time claims for U.S. unemployment benefits i ...Full Story»

ECB Reconfirms 'Very Accommodative' Policy Stance (04 hr(s), 36 min(s), 03 sec(s) ago)
(RTTNews) - The European Central Bank left its interest rates and asset purchases unchanged on Thu ...Full Story»

U.S. Weekly Jobless Claims Unexpectedly Drop To 547,000 (05 hr(s), 11 min(s), 03 sec(s) ago)
(RTTNews) - After reporting a sharp pullback in first-time claims for U.S. unemployment benefits i ...Full Story»

Ireland Wholesale Prices Fall Further (07 hr(s), 01 min(s), 03 sec(s) ago)
(RTTNews) - Ireland's wholesale prices decreased further in March, data from the Central Stati ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

ECB's Lagarde Says Eurozone Economy May Resume Growth In Q2

04/22/2021 - 12:44 PM (RTTNews)
(RTTNews) - The European Central Bank President Christine Lagarde on Thursday said the near term o ...Full Story>>

Eurozone Consumer Confidence Improves For Third Month

04/22/2021 - 11:24 AM (RTTNews)
(RTTNews) - Eurozone consumer confidence strengthened for a third straight month in April to its h ...Full Story>>

U.S. Leading Economic Index Jumps Much More Than Expected In March

04/22/2021 - 10:37 AM (RTTNews)
(RTTNews) - A report released by the Conference Board on Thursday showed its index of leading U.S. ...Full Story>>

U.S. Existing Home Sales Show Another Steep Drop In March

04/22/2021 - 10:30 AM (RTTNews)
(RTTNews) - The National Association of Realtors released a report on Thursday showing another ste ...Full Story>>

U.S. Jobless Claims Unexpectedly Drop To New One-Year Low

04/22/2021 - 09:18 AM (RTTNews)
(RTTNews) - After reporting a sharp pullback in first-time claims for U.S. unemployment benefits i ...Full Story>>

Do not sell my personal information

Copyright © 2021. 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.