Financial News: Russian Factory Activity Contracts In June

Russian Factory Activity Contracts In June

07/01/2025 - 04:59:00 (RTTNews)

(RTTNews) - Russia's manufacturing sector logged a renewed downturn in June amid falls in output and new orders, survey results from S&P Global showed on Tuesday.

The manufacturing purchasing managers' index, or PMI, dropped to 47.5 in June from 50.2 in May. Any reading below 50 indicates contraction.

The survey revealed that the overall deterioration was the sharpest in over three years as new orders returned to decline and output contracted at a steeper rate.

New sales fell at the quickest pace in three months due to reduced purchasing power of customers and weak client demand. Export demand was also weaker amid unfavorable exchange rates. As a result, output also fell the most since March.

In line with weaker demand conditions, Russian manufacturers lowered their workforce numbers, purchasing, and stock holdings, which in turn dampened business confidence in the year-ahead outlook.

On the price front, input price inflation eased notably in June as constructive negotiations with suppliers reportedly led to discounts or suspended hikes in material prices. Consequently, selling price inflation softened to the weakest since late 2022.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Russia Slashes Interest Rates Again On Easing Price Pressures (13 min(s), 48 sec(s) ago)
(RTTNews) - Russia's central bank lowered the key interest rate massively for a second policy ...Full Story»

UK Retail Sales Rebound As Warm Weather Boosts Spending (46 min(s), 48 sec(s) ago)
(RTTNews) - UK retail sales recovered in June as warm weather boosted consumer spending but consum ...Full Story»

Eurozone Bank Lending Growth Improves (53 min(s), 48 sec(s) ago)
(RTTNews) - Eurozone bank lending increased at a faster pace in June despite trade tariff concerns ...Full Story»

Russia Central Bank Cuts Interest Rate By 200 Bps (07 min(s), 12 sec(s) ago)
(RTTNews) - Russia's central bank slashed its benchmark rate by 200 basis points on Friday cit ...Full Story»

German Business Sentiment Strongest In More Than A Year (45 min(s), 12 sec(s) ago)
(RTTNews) - German business confidence improved to the highest level in more than a year in July d ...Full Story»

French Consumer Sentiment Improves Marginally (01 hr(s), 35 min(s), 12 sec(s) ago)
(RTTNews) - French consumer confidence improved marginally in July, monthly survey results from th ...Full Story»

Singapore Industrial Production Recovers In June (03 hr(s), 06 min(s), 12 sec(s) ago)
(RTTNews) - Singapore's industrial production growth accelerated in June, figures from Economi ...Full Story»

UK Retail Sales Recover In June (04 hr(s), 03 min(s), 12 sec(s) ago)
(RTTNews) - UK retail sales recovered in June as warm weather boosted food and non-food store sale ...Full Story»