Russia's December factory activity moves at fastest pace in 7 years

MOSCOW, Russia: In December, Russia's manufacturing sector experienced its most rapid expansion in nearly seven years, although new export orders declined for the second consecutive month, according to a business survey.

The S&P Global Purchasing Managers' Index (PMI) for manufacturing increased from 53.8 in November to 54.6 in December, surpassing the 50-point threshold that distinguishes expansion from contra