Russian manufacturing industries PMI grew to 49.9 points in October
⟶ Russian manufacturing industries purchasing managers' index (PMI) grew to 49.9 points in October. This reading was only fractionally below the 50.0 no-change mark.
The latest reading was only fractionally below the 50.0 no-change mark and signaled broadly unchanged operating conditions for firms," S&P Global said
Why it matters
The PMI is an indicator of the state of manufacturing industries. A reading close to the 50.0 mark suggests that operating conditions for firms were broadly unchanged.