INSUBCONTINENT EXCLUSIVE:
fell to 49.5 in September, down from 52.1 the month before, when the sector already showed signs of a slowdown with the most sluggish pace
said.The decline was driven by contractions in output, new orders and employment, the report said
It marked the first drop in output since July 2022, while new orders contracted after 27 months of growth.The pace of job losses, meanwhile,
manufacturing sector had continued to grow, largely fueled by economic activity in the defense sector
Military spending is projected to account for 40% of government expenditure this year.S-P Global noted that Russian businesses remained
optimistic about future output, with plans for new product investments driving confidence.
