TASS6/3/2026BusinessRussia
Russia's Services PMI Drops to 48.7 in May, Signaling Accelerated Contraction
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- Russia's Purchasing Managers' Index (PMI) for the services sector fell to 48.7 in May 2026, down from 49.7 in April, indicating an accelerated pace of contraction driven by weaker sales and consumer demand.
- Rising costs, including supplier prices, energy, and wages, also contributed to the slowdown.
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Russia's Purchasing Managers' Index (PMI) for the services sector fell to 48.7 in May 2026, down from 49.7 in April, indicating an accelerated pace of contraction driven by weaker sales and consumer demand. Rising costs, including supplier prices, energy, and wages, also contributed to the slowdown.
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This article was originally published by TASS.
