Russia's service sector contracted in June, with the PMI index… (май · услуга · сравнение)
Russia's service sector contracted in June, with the PMI index falling to 48.2, indicating reduced business activity for the third consecutive month due to decreased customer purchasing power and workforce reductions. Meanwhile, computer and electronics manufacturers saw a significant increase in turnover and shipments in May, driven by strong demand and price growth.
Consensus
- The service sector in Russia contracted in June with the PMI index dropping to 48.2 from 48.7 in May
- Business activity in the service sector has been declining for three consecutive months
Points of divergence
- The decline in business activity was due to reduced customer purchasing power and workforce reductions, with employment levels falling for five straight months — vedomosti
- Computer and electronics manufacturers experienced a 44.7% increase in turnover in May compared to the same month last year — interfax
Coverage (8 sources)
- Business activity in Russia's services sector slowed further in June — Ведомости
- Rosstat notes a 44.7% increase in the turnover of computer and electronics manufacturers in May — Интерфакс
- Russia's car-sharing service volume dropped by 6.9% in May — Интерфакс
- Share of profitable farms in agriculture and livestock decreased to 71.8% over four months — Интерфакс
- Business confidence in Russia's June fell in both extraction and processing — Интерфакс
- Consolidated profit of enterprises in January-April fell by 10.3% to 8.85 trillion rubles — Интерфакс
- Russia's output in basic economic activities showed zero growth in May — Интерфакс
- Software developers' turnover in Russia grew by 28% in May — Интерфакс