Russia’s services sector contracted further in June as weaker client demand drove steeper falls in output and new orders, a business survey showed on Friday.
Survey Details
The S&P Global Russia Services PMI Business Activity Index fell to 48.2 in June from 48.7 in May. The 50-mark separates growth from contraction. Output fell for a fourth straight month, and the pace of decline was the fastest since September 2025.
New business decreased for a third consecutive month, with the rate of contraction accelerating to the fastest since December 2022. Firms linked lower sales to reduced customer purchasing power and financial difficulties among clients.
Employment fell for a fifth month as companies cut costs and did not replace voluntary leavers. The pace of job shedding was the steepest in three-and-a-half years, while backlogs continued to decline at the second-fastest rate since December 2022.
Price pressures eased further in June. Input cost inflation slowed for a fifth straight month to its weakest this year, while selling price inflation softened to its slowest pace since January 2021 as some firms discounted to support sales.
Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.
