06-May-2026
Economy News
 
Russian Services Confidence Drops to 40-Month Low, PMI Shows
06-May-2026

Russia's services ?sector ?contracted for a ?second straight month in April as ?weak client demand led to declines in output and ?new sales, while business ?confidence plumbed a 40-month low, a survey ?showed ?on Wednesday. The S&P Global Russia Services PMI Business Activity ?Index rose to 49.7 in April from 49.5 in March. The 50-mark separates growth from contraction.

News Source:- https://money.usnews.com/investing/news/articles/2026-05-06/russian-services-confidence-drops-to-40-month-low-pmi-shows