Russian Manufacturing Slows for 8th Month Straight | News | The Moscow Times

Russian Manufacturing Slows for 8th Month Straight | News | The Moscow Times:



"Russian manufacturing activity slowed in June for the eighth consecutive month, hurt by the crisis in Ukraine, a business survey showed Tuesday.



The HSBC purchasing managers' index, or PMI, edged up to 49.1 last month from 48.9 in May, but remained below the 50.0 mark that separates expansion from contraction.



New orders fell for the sixth time in the last seven months, suggesting output growth may not be sustained in July either, HSBC said in a statement."



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