FOREX TradingCharts.com

Financial News: Russian Manufacturing Activity Logs Further Strong Expansi

Russian Manufacturing Activity Logs Further Strong Expansion

06/03/2024 - 05:10:00 (RTTNews)

(RTTNews) - The Russian services activity continued to expand strongly in May as output growth strengthened amid sustained and robust customer demand in the home market, survey results from S&P Global showed on Monday.

The manufacturing purchasing managers' index, or PMI, rose to 54.4 in May from 54.3 in April. A reading above 50 indicates expansion in the sector.

Output grew at the second-fastest rate since January 2017, driven by robust demand conditions and another monthly upturn in new sales.

Despite slowing since January, the rate of growth in new orders was sharp in May. The overall expansion was attributed to increased spending on advertising, new client wins, and sustained demand conditions. Meanwhile, new export orders continued to remain weak.

In line with strong demand conditions, Russian manufacturers raised their staffing numbers, and the rate of job creation accelerated to the sharpest in more than twenty-six years.

On the price front, input price inflation accelerated to a 5-month high in May amid increased transportation and supplier costs. As a result, selling price inflation was the strongest in four months.

A deteriorated vendor performance was evident in May due to logistics delays. The confidence about growth prospects among goods producers remained upbeat despite the fact that business confidence slipped to a nine-month low.

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


Australia Unemployment Data Due On Thursday (05 hr(s), 09 min(s), 17 sec(s) ago)
(RTTNews) - Australia will on Thursday release May figures for unemployment, highlighting a light ...Full Story»

What Makes This Economist Think Two Fed Rate Cuts Are Possible This Year? (07 hr(s), 43 min(s), 17 sec(s) ago)
(RTTNews) - The U.S. Federal Reserve left the federal funds rate target unchanged on Wednesday and ...Full Story»

Fed Leaves Interest Rates Unchanged, Forecasts Just One Rate Cut This Year (08 hr(s), 43 min(s), 17 sec(s) ago)
(RTTNews) - While announcing its widely expected decision to leave interest rates unchanged on Wed ...Full Story»

U.S. Crude Oil Inventories Unexpectedly Jump By 3.7 Million Barrels (12 hr(s), 25 min(s), 17 sec(s) ago)
(RTTNews) - Crude oil inventories in the U.S. unexpectedly saw a significant increase in the week ...Full Story»

U.S. Consumer Prices Unexpectedly Flat In May, Annual Growth Slows To 3.3% (13 hr(s), 40 min(s), 17 sec(s) ago)
(RTTNews) - With a steep drop in gasoline prices partly offsetting a continued increase in shelter ...Full Story»

Thailand Leaves Policy Rate Steady At 2.50% (13 hr(s), 45 min(s), 17 sec(s) ago)
(RTTNews) - Thailand's central bank decided to keep the interest rate unchanged for the fourth ...Full Story»

India Industrial Output Growth At 3-Month Low (13 hr(s), 46 min(s), 17 sec(s) ago)
(RTTNews) - India's industrial production growth moderated to a three-month low in April but t ...Full Story»

U.S. Mortgage Applications Show Substantial Rebound (13 hr(s), 58 min(s), 17 sec(s) ago)
(RTTNews) - After reporting two consecutive weekly decreases in U.S. mortgage applications, the Mo ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Australia Unemployment Data Due On Thursday

06/12/2024 - 18:01 PM (RTTNews)
(RTTNews) - Australia will on Thursday release May figures for unemployment, highlighting a light ...Full Story>>

What Makes This Economist Think Two Fed Rate Cuts Are Possible This Year?

06/12/2024 - 15:27 PM (RTTNews)
(RTTNews) - The U.S. Federal Reserve left the federal funds rate target unchanged on Wednesday and ...Full Story>>

Fed Leaves Interest Rates Unchanged, Forecasts Just One Rate Cut This Year

06/12/2024 - 14:27 PM (RTTNews)
(RTTNews) - While announcing its widely expected decision to leave interest rates unchanged on Wed ...Full Story>>

U.S. Crude Oil Inventories Unexpectedly Jump By 3.7 Million Barrels

06/12/2024 - 10:45 AM (RTTNews)
(RTTNews) - Crude oil inventories in the U.S. unexpectedly saw a significant increase in the week ...Full Story>>

U.S. Consumer Prices Unexpectedly Flat In May, Annual Growth Slows To 3.3%

06/12/2024 - 09:30 AM (RTTNews)
(RTTNews) - With a steep drop in gasoline prices partly offsetting a continued increase in shelter ...Full Story>>

Do not sell my personal information

Copyright © 2024. 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.