Finance
Russian factory activity growth slows as demand stagnates, PMI shows
Published by Global Banking and Finance Review
Posted on March 3, 2025
Global Banking and Finance Review
Company
Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.
Published by Global Banking and Finance Review
Posted on March 3, 2025
(Reuters) - Russian manufacturing activity grew only slightly in February as overall demand stagnated, a business survey showed on Monday.
The S&P Global Purchasing Managers' Index (PMI) for Russian manufacturing fell to 50.2 in February from 53.1 in January, just staying above the 50 level that separates expansion from contraction.
The slower upturn was attributed to a weaker rise in output and broadly unchanged new order inflows. Overall demand conditions stagnated, despite a renewed expansion in new export sales.
"Differing from the trend for total new orders, Russian manufacturers indicated a renewed rise in new export sales midway through the first quarter," S&P Global said. "Anecdotal evidence mentioned that greater demand from neighbouring countries boosted new export orders."
Russia's significant spending on military equipment and weapons since invading Ukraine in February 2022 has buoyed a manufacturing sector that otherwise may have suffered as some countries shunned Moscow.
The pace of production growth was the slowest in four months, with some firms citing subdued client demand, while purchasing activity declined for the first time in two-and-a-half years as firms utilised existing stocks to fulfil orders.
Hopes for an uptick in customer demand and the use of new production facilities underpinned strong expectations for future output.
"Business confidence remained upbeat, as firms anticipate further output growth in the coming year," S&P Global said.
(Reporting by Alexander Marrow; Editing by Christina Fincher)