News Column

Russia's Manufacturing Sector Expands For First Time Since October 2013

July 31, 2014

MOSCOW (Alliance News) - Russia's manufacturing sector expanded in July for the first time since October 2013 on output and new order growth, survey data from Markit Economics showed Friday.

The HSBC Purchasing Managers' Index rose to 51 in July from 49.1 in June. However, the latest figure remained below the long-run survey average of 51.9.

There was a solid increase in Russian manufacturing output in July. New orders rose for only the second time in eight months in July.

Manufacturers reported increased average input prices in July, partly linked to higher import costs. But it eased further to a 5-month low.

At the same time, output prices rose at the slowest rate since October 2013, and one that remained weak in the context of historic survey data.

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Source: Alliance News

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