Russian services PMI index up to 51.4 points in March

Business & Economy April 03, 9:37

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

MOSCOW, April 3. /TASS/. Russia’s Services PMI Business Activity Index rose to 51.4 points in March from 51.1 points in the previous month, S&P Global analytical agency reported.

"March data indicated a solid and faster expansion in new orders at service sector firms," the report said.

"Companies noted that client demand strengthened on the month, as new service lines were introduced and new customers were acquired," the agency said. Nonetheless, the increase in output was attributed to a sustained rise in new business, according to the report.

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

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