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Key Steel and Gas Sectors Show Strain in Russia's 2010 Growth Prospects
JOHANNESBURG--November 9, 2009--Reported by Richard Finlayson, Senior International Editor, Industrial Info Resources (Sugar Land, Texas)--After creeping a couple of points above the "50" datum line to 52 in September 2009, the Russian purchasing managers index dropped to 49.6 in October, according to VTB Capital (Moscow, Russia). This index, a continued lack of capital investment, unemployment, and weak domestic demand mean the jury remains out for final forecasts for Russian GDP growth in 2009 and 2010. An extended flat bottom to a gradual "U"-shaped recovery appears to be the consensus for the pattern of how the country's economic recovery will unfold.
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Industry Segment: Metals & Minerals
Word Count: 1213 Words
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