Macro EconomyMediumUpdated•Originally published 5 November 2026•Updated 5 November 2026•
1 min read
Russia Services Growth Near Stagnation in October as Selling Costs Surge
Key Facts
1Russia's services sector approached stagnation in October according to PMI data.
Russia's S&P Global Services Purchasing Managers' Index (PMI) fell to 50.1 in October 2026, down from 51.3 in September. Investing.com reported that the reading indicates the sector has reached near-stagnation, remaining just above the 50.0 threshold that separates expansion from contraction.
Selling costs within the Russian services sector rose at the fastest rate in eight months during October 2026. This surge in inflationary pressure coincides with weakening demand, following the Russian Manufacturing PMI release on November 2, 2026, which posted a contractionary reading of 49.9.