Domestic demand more than made up for falling export sales to drive growth in Russian manufacturing in December, a survey showed on Thursday, leading to the fastest monthly rise in job creation in the sector in over 21 years.
The S&P Global Purchasing Managers' Index eased in December to 53.0 from 53.2 in November, but was still above the 50 mark that separates expansion from contraction. November's reading was its highest since January 2017.
The contraction in new export orders weighed on total sales growth, S&P Global said, attributing the drop in foreign client demand to the impact of sanctions against Moscow over its actions in Ukraine. "Suppliers' delivery times at Russian manufacturing firms continued to lengthen in December, as vendor performance deteriorated further," S&P Global said.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Aeroflot boss cals for 'state protectionism' to defend Russian aviationThe head of Russia's state-controlled airline Aeroflot called on the Russian government to 'balance the interests' of Russian and foreign airlines in order to support the domestic aviation sector, in an interview with Russian news site RBC published on Wednesday.
Read more »
Woman struck by car in domestic dispute in Queens; man charged with attempted murderPolice arrested 36-year-old Stephen Giraldo, who was hit with a slew of charges including attempted murder.
Read more »
BOJ debated rising wages, fading deflation risks at Dec meetingBank of Japan (BOJ) policymakers saw the need to keep ultra-low interest rates but discussed growing prospects that higher wages could finally eradicate the risk of a return to deflation, a summary of opinions at their December meeting showed.
Read more »
Mainland China reports three COVID deaths for Dec 27China reported three new COVID-19 deaths in mainland for Dec. 27, compared with one death a day earlier, the Chinese Center for Disease Control and Prevention said on Wednesday.
Read more »
Letters, Dec. 27: That’s ‘collegiality’?Read the Express-News letters to the editor for Dec. 27.
Read more »