Russia’s manufacturing sector accelerated its expansion in July, with the Purchasing Managers’ Index (PMI) rising to 50.7 from 50.3 in June, according to a survey by S&P Global.
The reading marks the highest level of factory activity in 18 months, indicating a broadening recovery in the Russian industrial base.
The uptick suggests that domestic demand continues to support production despite ongoing external pressures.
The index has remained above the critical 50.0 threshold for two consecutive months, following a return to growth in June after a period of contraction.
This sustained expansion points to stabilizing conditions within the sector.
The data comes as global markets monitor economic developments in emerging economies.