In November, the index of services PMI from HSBC was 57.1 points!


 Takim way, compared with October index fell slightly. In October, he was at 57.3 points, which is the maximum expected growth from May 2011 The value of the claim is less than 50 indicates a decrease of activity in the sector, above this level — about her growth. 

New orders in the service sector grew at a slower pace in November, but still the growth rate was among the highest in the last 29 months.

Due to the strong increase in the activity of the company increased the number of jobs at a faster pace. As a result of increasing employment in the sector continued to decline in the number of outstanding orders, but the rates were generally mild.

New orders in the service sector grew at a slower pace, but consistent with the average level in 2012

Inflationary pressure remained weak in November. The growth rate of purchase prices in the services sector have been minimal in four months.

The composite index PMI, which reflects the activity in the services sector and the manufacturing sector amounted to 56.2 points in November, which indicates a strong improvement in overall business conditions. In October, the figure was 56.6 points. Despite a slight slowdown in growth, the data indicate a steady growth in the sector.

"After the jump, in September-October, the Russian economy has shown strong growth in November, as the results of the aggregate of the Russian index PMI HSBC. Economic growth slowed only slightly. How so? Most macroeconomic indicators in annual terms steadily deteriorated over the past few months. But this is nothing more than a trap, — commented on the results of the study chief economist at HSBC Bank in Russia and the CIS Alexander Morozov. — These indicators are more reflective of weakening growth year on year for the past several quarters as growth month to month. We should expect further worsening annual rates of growth before they begin to improve. They will — is that predict performance indicators HSBC PMI. But do not expect too much. Get ready for a 2.5% annual GDP growth next year, which will correspond to the potential growth of the Russian economy, in our view. "

PMI (Project Management Institute) — an index of business activity. Results of a survey of purchasing managers. This index is used to assess changes in new orders, the volume index of industrial production, employment, inventories and supplier performance and speed. The figures below "45-50" is an indicator of a slowing economy. Often, the value of this index is more influenced by psychological factors, rather than the actual state of affairs. 

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