MOSCOW, December 1. /TASS/. Russia’s Manufacturing Purchasing Managers’ Index (PMI) remained unchanged in November 2023 compared with the previous month at 53.8 points signaling a further solid improvement in business conditions, the S&P Global analytical agency said.

"The health of the sector has now strengthened in each of the past 19 months," the agency said.

The key positive from the latest survey was another sharp increase in new orders, with the rate of expansion only slightly softer than that seen in October, when new business had risen to the largest extent since March 2011.

Continued marked improvements in total new orders meant that manufacturers increased their production again in November, according to S&P Global.

The PMI value above 50 points is indicative of the business activity growth and the value below the said level flags its slowdown.