04-July-2026
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Economy News
 
Russia's Services Downturn Deepens as New Business Falls at Fastest Pace Since December 2022, PMI Shows
04-Jul-2026

Russia's services sector contracted further in June as weaker client demand drove steeper falls in output and new orders, a business survey showed on Friday. The S&P Global Russia Services PMI Business Activity Index fell to 48.2 in June from 48.7 in May, a survey by S&P Global showed. The 50-mark separates growth from contraction.

News Source:- https://money.usnews.com/investing/news/articles/2026-07-03/russias-services-downturn-deepens-as-new-business-falls-at-fastest-pace-since-december-2022-pmi-shows