Russia Services PMI Improves
Russia Services PMI Improves

Russia Services PMI Improves

Russia Services PMI Improves

According to a report by Markit Economics, the final Russia Services Purchasing Managers’ Index was 55.2 in September 2017 compared to 54.2 in August 2017, Market Realist reported. The figure beat the market expectation of 55.0. The country’s services PMI has been showing gradual improvement since July 2017, mainly due to the following: production volume and output rose significantly in September compared to August; new orders improved at a higher rate, the best improvement since December 2012; and export orders and employment rose more than the past four years. Robust client demand gave the business confidence index a boost in September 2017. That signifies that businesses are optimistic about the country’s demand outlook. The domestic economy is showing signs of strong recovery. Improvement in domestic demand is playing a major role in this recovery process. Meanwhile, the iShares MSCI Russia Capped, which tracks the performance of Russia, rose 4.5

Short URL : https://goo.gl/8f6exu
  1. https://goo.gl/3HY2V9
  • https://goo.gl/ok8kXr
  • https://goo.gl/uxsT4N
  • https://goo.gl/ori11V
  • https://goo.gl/AchrBU

You can also read ...

Philippines Growing Faster Than Expected
The Philippine economy grew at a faster than expected 6.9%...
The British economy will hardly expand 0.3-0.4% per quarter through to June 2018, with growth of 1.5% this year and 1.3% the next.
British economic growth will remain tepid over the coming few...
Italy Braces  for $1b Loss
Italy’s failure to qualify for the 2018 football World Cup in...
Siemens to Cut 6,900 Jobs
Labor unions have reacted angrily to layoff plans unveiled by...
Cheap ECB Cash Still Key for Eurozone
The eurozone economy remains dependent on cheap credit and the...
The rupee, bonds and stocks rallied after Moody’s upgraded India to Baa2 from Baa3 and said reforms being pushed through by Modi’s government will help stabilize rising levels of debt.
Forget India's economic troubles this year. Moody's thinks...
Norway’s $1 Trillion Wealth Fund Plans Divesting From Oil, Gas
Norway’s trillion-dollar sovereign wealth fund is proposing to...
IMF Sees Economic Revival in Myanmar
The International Monetary Fund on Friday forecast an economic...

Add new comment

Read our comment policy before posting your viewpoints

Enter the characters shown in the image.