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Russian Manufacturing PMI Plummets Amid Job Losses and Inflation

12/29/2025

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Story summary
  • The Russian manufacturing PMI fell to 48.1 in December, indicating a seventh month of contraction, according to S&P Global, with confidence dampened.
  • Production declined for the tenth straight month due to weak demand and fewer new orders.
  • Employment fell in December, with job losses accelerating.
  • Input cost inflation rose to its highest level since March, prompting manufacturers to raise selling prices.