Russian manufacturing contraction slows

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Russian manufacturing contraction slows
Oluşturulma Tarihi: Nisan 02, 2009 00:00

MOSCOW - Russian manufacturing contracted at the slowest pace for five months in March as companies reduced their stocks of unsold goods and the decline in new business eased, VTB Capital said.

VTB’s Purchasing Managers’ Index was at 42 last month after a 40.6 reading in February, the Moscow-based bank said. A figure below 50 means ontraction.
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