Russian manufacturing growth slowed for a second month in January as new export orders tumbled at the fastest rate since July, HSBC Holdings said Wednesday.
The HSBC Purchasing Managers' Index fell to 50.8 from 51.6 in December, HSBC said, citing data compiled by London-based Markit Economics. A level above 50 signals expansion.
Russian industrial production slowed more than forecast last month to the lowest level since 2009 after companies scaled back output on Europe's debt crisis would hurt demand.
(Bloomberg)
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