{"id":60635,"date":"2026-07-03T05:39:07","date_gmt":"2026-07-03T09:39:07","guid":{"rendered":"https:\/\/newssprinters.com\/index.php\/world\/russian-service-sector-contracts-further-in-june\/03\/07\/2026\/"},"modified":"2026-07-03T05:39:07","modified_gmt":"2026-07-03T09:39:07","slug":"russian-service-sector-contracts-further-in-june","status":"publish","type":"post","link":"https:\/\/newssprinters.com\/index.php\/world\/russian-service-sector-contracts-further-in-june\/03\/07\/2026\/","title":{"rendered":"Russian service sector contracts further in June"},"content":{"rendered":"

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FILE PHOTO – The Russian flag flies over the Russian Embassy. (is associated with: \u00abRussian service sector contracts further in June\u00bb) Kay Nietfeld\/dpa <\/figcaption><\/figure>\n

Russia’s services activity deteriorated at the fastest pace in nine months as weak client demand led to sharper declines in output and new orders, survey results from S&P Global showed on Friday. <\/p>\n

The services purchasing managers’ index, or PMI, dropped to 48.2 in June from 48.7 in May. Any score below 50 suggests contraction in the sector. <\/p>\n

The decrease in services activity was attributed to subdued customer demand and a sustained contraction in new orders, which fell at the fastest pace since December 2022, the survey said. <\/p>\n

Consequently, companies reduced their workforce numbers further, and the rate of job shedding was the steepest in three-and-a-half years. <\/p>\n

On the price front, input price inflation eased to the lowest in this year so far from January’s VAT-driven peak. As a result, selling price inflation softened to the weakest since January 2021 amid efforts to boost sales by discounting. <\/p>\n

Looking ahead, although the degree of confidence in the outlook for output improved, it picked up only slightly from May’s near three-and-a-half-year low. <\/p>\n

The composite output index decreased to 48.9 in June from 49.2 in May, signalling a modest decline in the Russian private sector activity. <\/p>\n<\/p><\/div>\n

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FILE PHOTO – The Russian flag flies over the Russian Embassy. (is associated with: «Russian service sector contracts further in June») Kay