03-June-2026
Economy News
 
Russian Services Contract in May at Fastest Pace Since September 2025, PMI Shows
03-Jun-2026

Russia's services sector contracted in May at its quickest pace since September as weaker demand drove steeper falls in new orders and output, a business survey showed on Wednesday. The S&P Global Russia Services PMI Business Activity Index fell to 48.7 in May from 49.7 in April, dropping deeper below the 50 mark that separates growth from contraction.

News Source:- https://money.usnews.com/investing/news/articles/2026-06-03/russian-services-contract-in-may-at-fastest-pace-since-september-2025-pmi-shows
 
 
 

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