MOSCOW, April 3. /TASS/. The seasonally adjusted S&P Global Russia Services PMI Business Activity Index registered 50.1 at the end of the first quarter, down slightly from 50.5 in February, according to a study by S&P Global.
"The latest data indicated broadly unchanged levels of output at service providers, following an eight-month sequence of expansion," the statement says.
Also, according to S&P Global, the Russian services sector continued to grow in the number of new customers in March, but the pace of growth slowed for the second month in a row and was the weakest since July last year. The latest surge in new sales was traditionally muted amid some reports of a decline in customer purchasing power.
The PMI value above 50 points is indicative of the business activity growth and the value below that level flags its slowdown.