Russian manufacturing flattens out, its December PMI falling to 50 from 52.2 previously. It's...

|By:, SA News Editor

Russian manufacturing flattens out, its December PMI falling to 50 from 52.2 previously. It's the steepest one-month decline in four years and ends a 14-month run of expansionary readings. "Growth momentum suddenly deteriorated amid a sharp fall in external demand," says HSBC.