FOREX TradingCharts.com

Financial News: Russia Services Activity Contracts In September

Russia Services Activity Contracts In September

10/03/2025 - 04:21:00 (RTTNews)

(RTTNews) - The Russian service sector logged a renewed downturn in September amid a sharp decline in new orders, survey results from S&P Global showed on Friday.

The services purchasing managers' index, or PMI, dropped to 47.0 in September from 50.0 in August. Any reading below 50 indicates contraction, while a score above 50 suggests expansion in the sector.

New orders declined at the fastest pace since December 2022 due to reduced customer numbers and lower purchasing power.

Nonetheless, firms continued to add workforce numbers in order to clear backlogs, and the rate of job creation quickened to the sharpest since January 2024.

On the price front, input price inflation accelerated to a 5-month high in September, driven by higher supplier, wage, and utility costs. Meanwhile, output prices rose at a softer pace amid competitive pressures and efforts to boost sales.

The composite output index also decreased to 46.6 in September from 49.1 in August, signaling the quickest fall in private sector activity in almost three years.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2025 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


ECB Holds Interest Rates Steady Amid Uncertain Outlook (03 hr(s), 10 min(s), 14 sec(s) ago)
(RTTNews) - The European Central Bank maintained its key interest rates unchanged for a third poli ...Full Story»

Portugal GDP Growth Accelerates To 2.4% (03 hr(s), 26 min(s), 14 sec(s) ago)
(RTTNews) - Portugal's economy expanded at a faster pace in the third quarter, a flash repor ...Full Story»

Eurozone GDP Growth Beats Expectations (03 hr(s), 55 min(s), 14 sec(s) ago)
(RTTNews) - The euro area economy expanded at a faster pace in the third quarter as France and Spa ...Full Story»

German Economy Stagnates On Weaker Exports; Unemployment Falls (04 hr(s), 51 min(s), 14 sec(s) ago)
(RTTNews) - The German economy stagnated in the third quarter, narrowly dodging a recession as hig ...Full Story»

Austrian GDP Rebounds 0.1% In Q3 (04 hr(s), 54 min(s), 14 sec(s) ago)
(RTTNews) - Austria's economy expanded in the third quarter after contracting in the previou ...Full Story»

German Unemployment Drops Unexpectedly (05 hr(s), 30 min(s), 14 sec(s) ago)
(RTTNews) - Germany's unemployment dropped unexpectedly but the overall jobless rate remained ...Full Story»

Swiss KOF Leading Indicator Improves Further (05 hr(s), 32 min(s), 14 sec(s) ago)
(RTTNews) - A measure signaling future turning points in the Swiss economy strengthened further ...Full Story»

Eurozone Economic Sentiment Strongest Since Early 2023 (06 hr(s), 12 min(s), 14 sec(s) ago)
(RTTNews) - Eurozone economic confidence rose to the highest level in more than two years in Octob ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

ECB Holds Interest Rates Steady Amid Uncertain Outlook

10/30/2025 - 10:40 AM (RTTNews)
(RTTNews) - The European Central Bank maintained its key interest rates unchanged for a third poli ...Full Story>>

Portugal GDP Growth Accelerates To 2.4%

10/30/2025 - 10:24 AM (RTTNews)
(RTTNews) - Portugal's economy expanded at a faster pace in the third quarter, a flash repor ...Full Story>>

Eurozone GDP Growth Beats Expectations

10/30/2025 - 09:55 AM (RTTNews)
(RTTNews) - The euro area economy expanded at a faster pace in the third quarter as France and Spa ...Full Story>>

German Economy Stagnates On Weaker Exports; Unemployment Falls

10/30/2025 - 08:59 AM (RTTNews)
(RTTNews) - The German economy stagnated in the third quarter, narrowly dodging a recession as hig ...Full Story>>

Austrian GDP Rebounds 0.1% In Q3

10/30/2025 - 08:56 AM (RTTNews)
(RTTNews) - Austria's economy expanded in the third quarter after contracting in the previou ...Full Story>>

Do not sell my personal information

Copyright © 2025. 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.