Russia: Manufacturing sector continues to improveStaff Writer | February 6, 2018
Business conditions in Russia’s manufacturing sector continued to improve in January.
According to IHS Markit, strong growth in output was attributable to a faster rise in new orders, thanks to a slight increase in new business from abroad and new client demand.
Meanwhile, employment levels fell in January, albeit marginally, and inflationary pressures remained historically low.
In contrast, activity in the services sector moderated. The Services Business Activity Index produced by IHS Markit eased from 56.8 in December to 55.1 in January.
Despite the index dropping to a three-month low, the indicator remains firmly in expansionary territory.
FocusEconomics Consensus Forecast panelists project fixed investment will expand 2.7% in 2018, which is down 0.1 percentage points from last month’s forecast. In 2019, the panel expects fixed investment to grow 2.4%. ■