Daily Memo: Russian Economic Update, Huawei ‘Back on Track’

Russia's manufacturing and services sectors are showing positive signs.

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Russian business. Russia’s manufacturing purchasing managers’ index increased to 54.6 in December from 53.8 in November, the highest rate of growth since January 2017. (Any rating above 50 signals expansion.) A spike in new orders also spurred a rise in employment at goods producers. The growth was driven by domestic demand, while new export orders […]

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