According to their calculations, the index of business activity in the manufacturing sector rose from 50.7 in October to 53.2 in November, while the indices of January 2017 have not yet reached the index (then it was 55).
According to RBC with reference to S&P, demand is mainly determined by domestic consumers, as orders from international importers have been declining since the end of February.
At the same time, companies increased their purchases of raw materials at the fastest pace since January 2017, the newspaper writes.
The publication clarifies that the PMI index (Purchasing Managers Index), in question, is one of the oldest tools for assessing the economy.
Its value of 50 and above indicates the growth of the economy, and less - its contraction.
Earlier it became known that Moscow companies increased industrial production by 8.9% in January-October 2022 compared to the same period in 2021.