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Russia Services Activity Contracts Sharply In October

Por: RTTNews Business November 03, 2022

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Russia's service sector logged a marked contraction in October, led by a renewed fall in new amid weak domestic and foreign client demand, survey data from S&P Global showed on Thursday.The seasonally adjusted services Purchasing Managers' Index, or PMI, fell to 43.7 in October from 51.1 in September.Any reading below 50 indicates contraction, while a score above 50 suggests expansion in the sector.The lower output in October was... + full article



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