The S&P Global Russia Services PMI climbed to 53.1 in January 2026 from 52.3 in December, signaling a fourth consecutive month of expansion. The reading also marked the fastest expansion in the services sector since January 2025, as growth in output and new orders gained momentum. Stronger demand conditions also supported a fresh rise in employment. However, business sentiment ticked down to its second-weakest level since January 2023.
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Russia Services PMI Rises to 12-Month High
The S&P Global Russia Services PMI climbed to 53.1 in January 2026 from 52.3 in December, signaling a fourth consecutive month of expansion. The reading also marked the fastest expansion in the services sector since January 2025, as growth in output and new orders gained momentum. Stronger demand conditions also supported a fresh rise in employment. However, business sentiment ticked down to its second-weakest level since January 2023.