Financial News: Russia Service Sector Contracts In March

Russia Service Sector Contracts In March

04/03/2026 - 03:22:00 (RTTNews)

(RTTNews) - Russia's service sector activity logged a renewed decline in March amid weaker demand conditions, survey results from S&P Global showed on Friday.

The services purchasing managers' index, or PMI, dropped to 49.5 in March from 51.3 in February. Any score below 50 suggests contraction in the sector, while a reading above 50 suggests expansion. Moreover, this was the first decrease in six months.

New orders fell for the second straight month in March amid concerns regarding a fall in client purchasing power and greater uncertainty along with the impact of war in the Middle East.

On the price front, input price inflation eased for the second straight month but remained among the quickest since the start of 2025 due to higher raw material and supplier prices. Selling price inflation also moderated to the slowest in three months.

In line with greater costs considerations and muted demand conditions, companies reduced their workforce numbers at the quickest pace since early 2023.

Looking ahead, service providers remained confident about output expectations over the next twelve months amid reports of new work commencing and hope of expansions in customer numbers.

The composite output index dropped to 48.8 in March from 50.8 in February, signaling a fresh contraction in the Russian private sector business activity.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Singapore Non-Oil Domestic Export Data Due On Friday (05 hr(s), 13 min(s), 14 sec(s) ago)
(RTTNews) - Singapore will on Friday release March figures for non-oil domestic exports, highlight ...Full Story»

Treasury Reveals Details Of Twenty-Year Bond Auction (11 hr(s), 48 min(s), 14 sec(s) ago)
(RTTNews) - The Treasury Department on Thursday announced the details of this month's auction ...Full Story»

U.S. Industrial Production Unexpectedly Falls 0.5% In March (12 hr(s), 23 min(s), 14 sec(s) ago)
(RTTNews) - Industrial production in the U.S. unexpectedly decreased in the month of March, accord ...Full Story»

Philly Fed Index Unexpectedly Jumps To Highest Level In Over A Year In April (13 hr(s), 13 min(s), 14 sec(s) ago)
(RTTNews) - The Federal Reserve Bank of Philadelphia released a report on Thursday showing an unex ...Full Story»

U.S. Jobless Claims Pull Back More Than Expected To 207,000 (13 hr(s), 47 min(s), 14 sec(s) ago)
(RTTNews) - A report released by the Labor Department on Thursday showed first-time claims for U.S ...Full Story»

U.S. Industrial Production Unexpectedly Decreases In March (13 hr(s), 56 min(s), 14 sec(s) ago)
(RTTNews) - Industrial production in the U.S. unexpectedly decreased in the month of March, accord ...Full Story»

Philly Fed Index Unexpectedly Increases Sharply In April (14 hr(s), 38 min(s), 14 sec(s) ago)
(RTTNews) - The Federal Reserve Bank of Philadelphia released a report on Thursday showing an unex ...Full Story»

U.S. Weekly Jobless Claims Fall More Than Expected (14 hr(s), 41 min(s), 14 sec(s) ago)
(RTTNews) - A report released by the Labor Department on Thursday showed first-time claims for U.S ...Full Story»