Russia's Manufacturing Activity Little Changed in November
December 01 2015 - 3:23AM
Dow Jones News
By Andrey Ostroukh
MOSCOW--Activity in Russia's manufacturing sector was almost
unchanged in November, though new orders grew at their fastest pace
for a year, a Markit survey of purchasing managers showed
Tuesday.
The headline Purchasing Managers' Index for the manufacturing
sector slipped slightly to 50.1 in November from 50.2 in October,
Markit said, remaining above the 50 reading that separates growth
from decline.
"Expansions in output and new orders helped to just keep the
headline figure in growth territory this month, where the sharpest
rises in one year were reported," said Markit economist Samuel
Agass in the report.
Still, lower employment and declining stocks of purchases have
offset improvements in the sector. Russian manufacturers reported
another increase in input prices in November, which prompted the
sector to raise tariffs.
The PMI data matches the broader trend in the economy, which has
started bottoming out after its first recession since 2009.
Inflation, hovering close to 15% in annual terms, is also set to
slow to 12%-13% by the end of the year, according to the central
bank.
"Overall, the sector appears to be holding its ground, at least
during the fourth quarter so far, after enduring a tough time
throughout the majority of 2015," Mr. Agass from Markit said.
-Write to Andrey Ostroukh at andrey.ostroukh@wsj.com
(END) Dow Jones Newswires
December 01, 2015 03:08 ET (08:08 GMT)
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