India, March 5 -- The Russian service sector growth eased sharply in February amid a weaker rise in new business, survey results from S&P Global showed on Wednesday.
The services purchasing managers' index, or PMI, dropped to 50.5 in February from 54.6 in January. However, a reading above 50 indicates expansion.
New orders grew at the slowest pace in seven months in February. The overall growth was linked to the sustained upturn in new orders to new client wins and an improvement in demand.
On the price front, input price inflation eased to the weakest since July 2020. Similarly, the pace of inflation in output charges was only modest and the slowest since April 2024.
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