5 Mar 2014 12:17

Business activity in Russian services sphere grows to 50.8 in Feb - HSBC

MOSCOW. March 5 (Interfax) - Business activity in the Russian services sphere showed minor growth in February compared with January, HSBC said in a research report.

The Purchasing Managers' Index (PMI) grew to 50.8 in February from 50.2 points in January.

HSBC said that an index above 50 points showed growth in business activity, while an index below - decline.

"Lackluster growth of services output persisted despite a sharper increase in new business in February," the report says.