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Emerging Markets Report: Russia's services PMI index tumbles

Posted by GetSmartGal 1164 days ago, popular 1163 days ago (http://www.marketwatch.com)
Category: Economy | Tags: emerging markets financial russia
The Russian Services PMI index plummeted to a historic low of 37.2 in November, down from the 47.4 in October, VTB Bank Europe said. The PMI data was "a clear sign that the financial crisis was feeding through to the wider economy," VTB Bank said. The index components of activity, new business, and employment all registered much steeper contraction
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