Economics
Russian Manufacturing Gauge Slumps to Lowest Since Records Began
- New orders fell at unprecedented pace, IHS Markit says
- Ruble plunge pushed up prices of imports for factories
A worker uses a polishing machine to finish wheels at the Casting And Mechanical Plant in Divnogorsk, Russia.
Photographer: Andrey Rudakov/BloombergThis article is for subscribers only.
Sign up here for our daily coronavirus newsletter on what you need to know, and subscribe to our Covid-19 podcast for the latest news and analysis.
A gauge of Russian manufacturing slumped to the lowest level since records began in 1997 as lockdowns across Europe choked demand.