Russian business confidence soars – S&P Global ...News

Companies recorded the sharpest rise in new orders last month since August 2022 Russia’s business activity improved significantly in February, signaling a solid increase in output across the services sector, S&P Global reported on Friday. The composite Purchasing Managers’ Index (PMI) soared to 53.1 from 49.7, indicating expansion in private sector business activity, as a renewed rise in service sector output and a quicker upturn in manufacturing production supported growth. A reading above 50 separates growth from contraction. The report said that the rise in business activity was linked to stronger client demand

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