Financial News: Russian Services Activity Stabilizes In August

Russian Services Activity Stabilizes In August

09/03/2025 - 03:30:00 (RTTNews)

(RTTNews) - The Russian service sector logged stagnation in August after back-to-back contractions, survey results from S&P Global showed on Wednesday.

The services purchasing managers' index, or PMI, rose to 50.0 in August from 48.6 in July. Any reading below 50 indicates contraction, while a score above 50 suggests expansion in the sector.

New orders continued to fall in August, though fractionally. The overall decrease was attributed to challenging financial conditions and customer hesitancy.

Employment grew at the fastest pace in six months as firms sought to boost capacity amid anticipated expansions in sales in the coming months.

On the price front, input price inflation eased in August due to favorable exchange rate movements. Meanwhile, output price inflation rose for the second straight month.

Looking ahead, service providers remained confident about expected business activity over the coming year, as hopes of stronger demand conditions and expansion into new markets underpinned positive sentiment.

The composite output index rose to 49.1 in August from 47.8 in July, indicating a softer downturn in activity at Russian private sector companies.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

U.S. Govt Has Started To Fire Federal Workers (06 hr(s), 31 min(s), 47 sec(s) ago)
(RTTNews) - The U.S. government has started to layoff federal employees, the Office of Management ...Full Story»

U.S. Consumer Sentiment Virtually Unchanged In October (12 hr(s), 05 min(s), 47 sec(s) ago)
(RTTNews) - A report released by the University of Michigan on Friday showed its reading on U.S. c ...Full Story»

Latvia Trade Deficit Narrows In August (12 hr(s), 47 min(s), 47 sec(s) ago)
(RTTNews) - Latvia's foreign trade deficit decreased in August from a year ago, as exports gre ...Full Story»

Turkey Retail Sales Growth Eases To 12.2% (13 hr(s), 04 min(s), 47 sec(s) ago)
(RTTNews) - Turkey's retail sales growth moderated for the third straight month in August, tho ...Full Story»

Slovakia Industrial Output Shrinks Most In 17 Months (13 hr(s), 25 min(s), 47 sec(s) ago)
(RTTNews) - Slovakia's industrial production decreased at the steepest pace in nearly one-and- ...Full Story»

Swiss Consumers Less Pessimistic In September (14 hr(s), 19 min(s), 47 sec(s) ago)
(RTTNews) - Confidence among Swiss consumers remained slightly less negative in September, survey ...Full Story»

Portugal Inflation Confirmed At 2.4% (15 hr(s), 12 min(s), 47 sec(s) ago)
(RTTNews) - Portugal's consumer price inflation eased as initially estimated in September to t ...Full Story»

Romania Q2 GDP Growth Unrevised At 0.3% (16 hr(s), 10 min(s), 47 sec(s) ago)
(RTTNews) - Romania's economic growth held steady in the second quarter, confirming the previo ...Full Story»