Financial News: Russia Services Growth Strongest In 6 Months

Russia Services Growth Strongest In 6 Months

12/03/2025 - 02:52:00 (RTTNews)

(RTTNews) - Russia's service sector activity expanded at the fastest pace in six months in November amid a renewed rise in new orders and continued growth in output, survey results from S&P Global showed on Wednesday.

The services purchasing managers' index, or PMI, climbed to 52.2 in November from 51.7 in October. A score above 50 suggests expansion in the sector.

New orders increased for the first time in five months in November on the back of stronger customer demand and new client wins.

In line with rising new orders, backlogs for work rose for the second straight month, while employment grew at the weakest pace in four months.

On the price front, input prices continued to rise in November, linked to higher costs for wage bills and supplier costs. Nonetheless, the rate of cost inflation was softer than the series trend. Consequently, selling prices rose at a slower pace.

The composite output index dropped slightly to 50.1 in November from 50.2 in October, signalling a broad stagnation in private sector activity.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Italy Current Account Gap Narrows In November (03 min(s), 28 sec(s) ago)
(RTTNews) - Italy's current account deficit decreased in November from the previous year, the ...Full Story»

Eurozone Construction Output Falls Most In 6 Months (13 min(s), 28 sec(s) ago)
(RTTNews) - Eurozone construction production contracted in November after recovering in the previo ...Full Story»

German Economic Confidence Strongest Since July 2021 (42 min(s), 28 sec(s) ago)
(RTTNews) - German economic sentiment strengthened at the beginning of the year to the highest lev ...Full Story»

Eurozone Current Account Surplus Shrinks In November (01 hr(s), 41 min(s), 28 sec(s) ago)
(RTTNews) - The euro area current account surplus declined sharply in November as the surplus on g ...Full Story»

Taiwan Export Orders Surge 43.8% In December (02 hr(s), 50 min(s), 28 sec(s) ago)
(RTTNews) - Taiwan's export orders logged accelerated growth for the second straight month in ...Full Story»

UK Jobless Rate Steady At 5.1%; Wage Growth Slows (03 hr(s), 04 min(s), 28 sec(s) ago)
(RTTNews) - The UK unemployment rate remained stable and wage growth eased in the three months to ...Full Story»

Swiss Producer And Import Prices Unexpectedly Fall 0.2% (03 hr(s), 19 min(s), 28 sec(s) ago)
(RTTNews) - Switzerland's producer and import prices continued to decline at the end of the ye ...Full Story»

Estonia Producer Prices Fall 0.5% (03 hr(s), 44 min(s), 28 sec(s) ago)
(RTTNews) - Estonia's producer prices decreased for the first time in four months in December, ...Full Story»