Pursuits
Russia’s Manufacturing at Weakest Since 2009 as Ruble Sinks
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Russian manufacturing slipped to a 5 1/2-year low as the nation’s worst currency crisis since 1998 stokes inflation and weighs on businesses already facing a recession.
The Purchasing Managers’ Index fell to 47.6 last month, the lowest since June 2009, from 48.9 in December, HSBC Holdings Plc said Monday in a statement, citing data compiled by Markit Economics. Readings below 50 indicate a deterioration in conditions.