Financial News: Russian Services Growth Accelerates To 1-year High

Russian Services Growth Accelerates To 1-year High

02/04/2026 - 04:12:00 (RTTNews)

(RTTNews) - Russia's service sector activity expanded at the quickest pace in a year in January as output and new order growth gained momentum, survey results from S&P Global showed on Wednesday.

The services purchasing managers' index, or PMI, climbed to 53.1 in January from 52.3 in December. A score above 50 suggests expansion in the sector.

Higher output was driven by improved customer demand and sustained growth in new orders. The upturn in new business was the fastest in twelve months on the back of successful advertising campaigns and an improvement in client demand.

The survey revealed that stronger demand conditions also supported a fresh rise in employment and greater business confidence.

On the price front, input prices rose at the sharpest pace in two years, largely due to the recent rise in the VAT rate. As a result, the selling price inflation picked up markedly at the start of the year.

The composite output index rose to 52.1 in January from 50.0 in December, signaling a renewed expansion in the Russian private sector business activity.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Eurozone Inflation Eases To 1.7% (28 min(s), 37 sec(s) ago)
(RTTNews) - Eurozone inflation softened in January, flash estimate from Eurostat showed on Wednesd ...Full Story»

Austria Inflation Eases To 13-month Low (50 min(s), 37 sec(s) ago)
(RTTNews) - Austria's consumer price inflation moderated in January to the lowest level in jus ...Full Story»

Russian Services Growth Accelerates To 1-year High (01 hr(s), 29 min(s), 37 sec(s) ago)
(RTTNews) - Russia's service sector activity expanded at the quickest pace in a year in Januar ...Full Story»

India Services Growth Improves In January (03 hr(s), 05 min(s), 37 sec(s) ago)
(RTTNews) - India's service sector growth rebounded at the start of the year amid quicker rise ...Full Story»

European Economic News Preview: Eurozone Flash Inflation, Final Composite PMI Due (03 hr(s), 56 min(s), 37 sec(s) ago)
(RTTNews) - Flash inflation and final composite Purchasing Managers' survey results from the e ...Full Story»

China Service Sector Growth Accelerates (04 hr(s), 47 min(s), 37 sec(s) ago)
(RTTNews) - China service sector growth improved in January, driven by stronger growth in new busi ...Full Story»

Singapore Private Sector Accelerates In January - S&P Global (01 min(s), 23 sec(s) ago)
(RTTNews) - The private sector in Singapore continued to strengthen in January, and at a faster pa ...Full Story»

Hong Kong PMI Improves To 52.3 In January - S&P Global (59 min(s), 23 sec(s) ago)
(RTTNews) - The private sector in Hong Kong continued to strengthen in January, and at a faster pa ...Full Story»