Financial News: Russian Factory Activity Logs Marginal Contraction

Russian Factory Activity Logs Marginal Contraction

05/05/2025 - 04:27:00 (RTTNews)

(RTTNews) - Russia's manufacturing sector deteriorated for the second successive month in April, though marginally amid slower contractions in output and new orders, survey results from S&P Global showed on Monday.

The manufacturing purchasing managers' index, or PMI, rose to 49.3 in April from 48.2 in March. Nonetheless, any reading below 50 indicates contraction.

Both output and new orders continued to decline in April, but at softer rates. The overall fall in new orders was due to subdued client demand in domestic and external markets.

There was a renewed decline in employment due to lower production requirements, while purchasing activity returned to growth as firms sought to build safety stocks amid a broad stabilization in supplier delivery times.

On the price front, input price inflation eased to the lowest level since February 2020 as favorable exchange rate movements against the dollar reportedly led to moderated price hikes for imported inputs. As a result, selling price inflation also moderated to the weakest since January 2023.

Looking ahead, Russian goods producers remained confident about output expectations over the coming year, underpinned by hopes of a brighter demand environment and plans to expand product ranges.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

South Korea Consumer Prices Unchanged In June (01 hr(s), 33 min(s), 41 sec(s) ago)
(RTTNews) - Consumer prices in South Korea were flat on a seasonally adjusted monthly basis in Jun ...Full Story»

Australia Retail Sales Data Due On Wednesday (02 hr(s), 42 min(s), 41 sec(s) ago)
(RTTNews) - Australia will on Wednesday release May figures for retail sales, highlighting a modes ...Full Story»

German Unemployment Climbs Less Than Expected In June (05 hr(s), 0 min(s),41 sec(s) ago)
(RTTNews) - Joblessness in Germany rose in June but at a slower than expected pace, official figur ...Full Story»

U.S. Construction Spending Dips Slightly More Than Expected In May (09 hr(s), 54 min(s), 41 sec(s) ago)
(RTTNews) - Construction spending in the U.S. decreased by slightly more than expected in the mont ...Full Story»

U.S. Job Openings Unexpectedly Climb To 7. 769 Million In May (10 hr(s), 05 min(s), 41 sec(s) ago)
(RTTNews) - A report released by the Labor Department on Tuesday showed an unexpected increase by ...Full Story»

U.S. Manufacturing Index Inches Higher But Still Indicates Contraction In June (10 hr(s), 13 min(s), 41 sec(s) ago)
(RTTNews) - The Institute for Supply Management released a report on Tuesday showing a modest incr ...Full Story»

Portugal Industrial Output Recovers; Retail Sales Growth Improves (10 hr(s), 22 min(s), 41 sec(s) ago)
(RTTNews) - Portugal's industrial production expanded for the first time in three months in Ma ...Full Story»

Greece Manufacturing Growth Remains Solid In June (11 hr(s), 11 min(s), 41 sec(s) ago)
(RTTNews) - Greece's manufacturing activity logged a further strong improvement in June, drive ...Full Story»