Russia Oct services PMI 53.9 vs 55.2% prev

Russia Oct services PMI just out 3 Nov

  • 3mth lows
  • drop in new business growth and higher input prices cited although rising at slowest pace since June
  • expectations sub-index at highest level in 5+ years

Not such a great headline but better expectations tempers the gloom after mftg PMI earlier in the week also showed 4mth lows
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