04-May-2026
Economy News
 
Russia Manufacturing Contracts for 11th Straight Month in April, PMI Shows
04-May-2026

Russia's manufacturing sector contracted for the 11th month running in April as output and new orders fell again and employment posted its sharpest drop in four years, a business survey showed on Monday. The S&P Global Russia Manufacturing Purchasing Managers'Index (PMI) fell to 48.1 in April from 48.3 in March. The 50 mark separates growth from contraction.

News Source:- https://money.usnews.com/investing/news/articles/2026-05-04/russia-manufacturing-contracts-for-11th-straight-month-in-april-pmi-shows