The Russian manufacturer's business activity index (PMI) rose to 49.9 points in October from 49.8 points in September, remaining below the 50-point mark that separates growth from contraction, Reuters reports. The rate of decline in output and new orders in the sector slowed, but export orders fell for the 12th month in a row, showing the sharpest drop since May 2022.

The Russian manufacturer's business activity index (PMI) rose to 49.9 points in October from 49.8 points in September, remaining below the 50-point mark that separates growth from contraction, Reuters reports. The rate of decline in output and new orders in the sector slowed, but export orders fell for the 12th month in a row, showing the sharpest drop since May 2022.