Russia's PMI drops in Dec, HSBC says
China Daily | Updated: 2011-12-30 07:38
Economic growth rate declines as slowing demand abroad hits exports
MOSCOW - Russian manufacturing growth eased in December from an eight-month high after new orders slowed and export demand weakened, HSBC Holdings PLC said.
The HSBC Purchasing Managers' Index fell to 51.6 in December from 52.6 a month earlier, HSBC said on Thursday in an e-mailed statement, citing data compiled by London-based Markit Economics. A level above 50 signals an expansion.
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