Russia Services PMI falls further below critical level to 47.6 in June from 49.8 in May - S&P Global

MOSCOW. June 5 (Interfax) - The Russia Services PMI dropped to 47.6 points in June after falling to 49.8 points in May, S&P Global research data show.

The decline in activity in the services sector was the steepest since December 2022, the report said.

The Russia Composite Output Index, which tracks activity in both the services and manufacturing sectors, fell to 49.8 points in June from 51.4 points in May.

Index readings above 50.0 points indicate growth in business activity, while those of less than 50.0 show a decline.