In October, production has been growing for the fourth month in a row, but the pace is slightly lower compared to September. Recall that the index value of more than 50% means steady economic growth.
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The PMI (business activity index) is formed based on the opinion of product purchasing managers through monthly surveys. He represents the opinion of specialists who purchase materials for companies and can assess market sentiment. Some experts consider this indicator to be overly estimated.
Recall that by the end of 2024, Russia's GDP is expected to reach 3.9%.
