Russia manufacturing PMI edges higher
Russia's S&P Global manufacturing PMI rose slightly to 49.9 in October, up from 49.8 in September. The 0.1-point increase indicated a modest easing in the pace of contraction across the manufacturing sector.
However, the PMI remained below the 50-point threshold, signaling that manufacturing activity continued to contract. The index's movement closer to the expansion threshold suggested that weakness in the sector had moderated slightly. The figures may influence expectations for Russia's industrial outlook and the Central Bank of Russia's monetary policy.
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