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2025-08-01 14:06:11
[Russia's factory output shrank at the fastest rate since March 2022 in July] A business survey released on Friday showed that Russia's manufacturing activity declined at the fastest rate since March 2022 in July, and business confidence fell to its lowest point in nearly three years. Russia's S&P Global Manufacturing PMI fell to 47.0 in July from 47.5 in June, further away from the boom-bust line of 50. S&P Global said the survey showed that "the health of Russia's manufacturing industry has declined sharply." This second sharp decline in consecutive months was caused by weak customer demand and poor customer financial conditions, which affected production and new orders.
