Purchasing Index Expands

By The Moscow Times

Nov. 1, 2010

Russia’s manufacturing expansion grew in October, HSBC Holdings said Monday.

The Purchasing Managers’ Index rose to 51.8 from 51.2 in September, HSBC said in a report, citing data compiled by Markit Economics. The survey-based index indicates a contraction when it is below 50 and growth with a figure above 50.

“HSBC survey data suggested that the recovery in Russia’s manufacturing sector remained lackluster in October, while inflationary pressures intensified,” it said in the report.

(Bloomberg)

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