Featured
Russian manufacturing activity returns to growth in May amid war: Survey
Russian manufacturing activity expanded in May after three months of contraction and price pressures eased notably, but sanctions continued to dent client demand, a survey has shown.
The S&P Global Purchasing Managers’ Index (PMI) rose to 50.8 from 48.2 in the previous month, climbing above the 50.0 mark that separates expansion from contraction for the first time since January.
“Slower declines in output, new orders, employment and stocks of purchases all helped to boost the seasonally adjusted PMI,” S&P Global, which compiles the index, said. Actual manufacturing output continued to fall in May, S&P Global said.
Exports remained in steep decline, as Russian firms have been severed from the global economy and face significant disruption to their supply chains.
AJ
-
Latest2 days agoMakinde declares 2027 presidential bid under PDP–APM alliance
-
Featured2 days agoObasanjo faults Tinubu’s economic reforms, calls them necessary but poorly designed
-
Business3 days agoAnger, debate trail proposed $1.25bn loan amid concerns over Nigeria’s debt surge
-
Featured3 days agoWike dismisses political speculation over meeting with APC Chairman Yilwatda
-
Latest5 days agoWike loyalists dominate As APC clears 33 aspirants for Rivers Assembly primaries, 65 disqualified
-
Latest2 days agoWike says Makinde’s presidential ambition dead on arrival
-
Business3 days agoNigeria’s 2026 debt servicing hits $11.6bn as Tinubu decries global financial inequity
-
Comments and Issues2 days agoPolitical Parties Primaries: Consensus or Coronation?