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 ...

Cyber threats are ever-evolving.
The White House released a report that found that the economic...
Global Investors Target Zimbabwe Energy Sector
Zimbabwe has become a magnet for billionaire global firms such...
BSP said the planned RRR cuts are part of the bank’s financial market reforms.
The Bangko Sentral ng Pilipinas said it was reducing banks’...
FAO regional representative Julio Berdegue (R), and the deputy regional representative Eve Crowley.
Identifying territories where rural poverty is most entrenched...
Asean Labor Flows Hit a Wall
Tighter restrictions on foreign labor in Malaysia and Thailand...
The country’s GDP grew by 3.2% in 2017 but will  edge down in the coming years.
A report by the International Monetary Fund showed Sunday that...
Baby-boomers will start turning 75 or older in 2022, which is expected to trigger a surge in health care and nursing care costs.
Amid stalling inflation and ballooning government spending,...
Lagarde Backs Creation of European Monetary Fund
International Monetary Fund chief Christine Lagarde has no...

Add new comment

Read our comment policy before posting your viewpoints