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Russia’s manufacturing sector contracts for third month in August

Published 01/09/2025, 07:44
Russia’s manufacturing sector contracts for third month in August
SPGI
0.60%

Investing.com -- Russia’s manufacturing industry shrank for a third straight month in August, a business survey showed on Monday.

The S&P Global Purchasing Managers’ Index (PMI) for the sector inched up to 48.7 from 47.0 in July.

However, the reading remained below the neutral 50 threshold, signaling continued contraction.

The downturn was largely attributed to declining production levels and weaker demand for new orders, both at home and abroad.

Survey respondents cited sluggish customer demand and financial constraints among clients as the main reasons behind the persistent weakness.

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