India, May 5 -- Russia's manufacturing sector deteriorated for the second successive month in April, though marginally amid slower contractions in output and new orders, survey results from S&P Global showed on Monday.
The manufacturing purchasing managers' index, or PMI, rose to 49.3 in April from 48.2 in March. Nonetheless, any reading below 50 indicates contraction.
Both output and new orders continued to decline in April, but at softer rates. The overall fall in new orders was due to subdued client demand in domestic and external markets.
There was a renewed decline in employment due to lower production requirements, while purchasing activity returned to growth as firms sought to build safety stocks amid a broad stabilization in supp...