FOREX TradingCharts.com

Financial News: Russian Factory Activity Logs Marginal Expansion

Russian Factory Activity Logs Marginal Expansion

12/27/2024 - 03:32:00 (RTTNews)

(RTTNews) - Russia's manufacturing sector activity expanded for the third straight month in December, though the pace of growth eased amid softer rises in output and new orders, survey results from S&P Global showed on Friday.

The manufacturing purchasing managers' index, or PMI, dropped to 50.8 in December from 51.3 in November. Nonetheless, a reading above 50 indicates expansion.

The overall upturn was supported by further expansions in output and new orders, albeit the rate of growth eased in both cases. Sales from abroad rose for the fifth straight month on the back of greater business with neighboring countries.

The slower expansion in output was due to softer overall demand conditions and shortages of some materials.

Subsequently, firms cut workforce numbers further, and confidence in the outlook for output in the coming year was dented, the survey said.

On the price front, cost pressures remained elevated in December, led by higher raw material prices and unfavorable exchange rate movements. Output price inflation also remained high despite easing to a 3-month low.

Due to supply chain issues and the possibility of increased material and transportation costs, businesses increased their input purchases as stock levels continued to decline.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2024 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


U.S. Trade Deficit Widens Significant In December As Imports Jump, Exports Plunge (20 min(s), 44 sec(s) ago)
(RTTNews) - A report released by the Commerce Department on Wednesday showed the U.S. trade defici ...Full Story»

Luxembourg Inflation Rises To 6-month High (24 min(s), 44 sec(s) ago)
(RTTNews) - Consumer price inflation in Luxembourg rose for the second straight month in January t ...Full Story»

U.S. Private Sector Employment Increases More Than Expected In January (35 min(s), 44 sec(s) ago)
(RTTNews) - Payroll processor ADP released a report on Wednesday showing private sector employment ...Full Story»

UK Car Sales Continue To Fall, EV Share Rises: SMMT (01 hr(s), 01 min(s), 44 sec(s) ago)
(RTTNews) - The UK car market contracted for the fourth straight month in January due to weak cons ...Full Story»

Lithuanian Jobless Rate Falls To 6.5% In Q4 (01 hr(s), 23 min(s), 44 sec(s) ago)
(RTTNews) - Lithuania's unemployment rate decreased somewhat in the final quarter of 2024, dat ...Full Story»

UK Services Growth Eases On Renewed Fall In New Work (01 hr(s), 34 min(s), 44 sec(s) ago)
(RTTNews) - The UK service sector growth eased in January as new work declined for the first time ...Full Story»

Italy Retail Sales Recover 0.6% (02 hr(s), 11 min(s), 44 sec(s) ago)
(RTTNews) - Italy's retail sales increased for the first time in three months in December, and ...Full Story»

Eurozone Producer Prices Remain Flat In December (02 hr(s), 52 min(s), 44 sec(s) ago)
(RTTNews) - The declining trend in Eurozone producer prices ceased at the end of the year as energ ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

U.S. Trade Deficit Widens Significant In December As Imports Jump, Exports Plunge

02/05/2025 - 08:36 AM (RTTNews)
(RTTNews) - A report released by the Commerce Department on Wednesday showed the U.S. trade defici ...Full Story>>

Luxembourg Inflation Rises To 6-month High

02/05/2025 - 08:32 AM (RTTNews)
(RTTNews) - Consumer price inflation in Luxembourg rose for the second straight month in January t ...Full Story>>

U.S. Private Sector Employment Increases More Than Expected In January

02/05/2025 - 08:21 AM (RTTNews)
(RTTNews) - Payroll processor ADP released a report on Wednesday showing private sector employment ...Full Story>>

UK Car Sales Continue To Fall, EV Share Rises: SMMT

02/05/2025 - 07:55 AM (RTTNews)
(RTTNews) - The UK car market contracted for the fourth straight month in January due to weak cons ...Full Story>>

Lithuanian Jobless Rate Falls To 6.5% In Q4

02/05/2025 - 07:33 AM (RTTNews)
(RTTNews) - Lithuania's unemployment rate decreased somewhat in the final quarter of 2024, dat ...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.