Russia's private sector posted its fastest expansion since March, with the S&P Global Russia Composite PMI Output Index rising to 52.6 in November from 50.9 in October, , according to the latest PMI® survey from S&P Global on Wednesday. The uptick reflects solid growth across sectors, driven by a rebound in manufacturing new orders and accelerated services business activity. Total new sales experienced their sharpest increase since April, supported by a rise in services employment, which offset slight workforce reductions in manufacturing. Backlogs of work remained stable, with a renewed upturn in the service sector countering a decline in manufacturing work-in-hand. The data highlights sustained momentum in Russia's private sector for a second consecutive month. Attribution: S&P Global Subediting: Y.Yasser Download
