Markit company has publish data of its research, according to which processing industry in Russia has shown growth of PMI index to 49.6 points in May 2016 year from 48.0 points recorded in April. “Positive dynamics of processing industries in Russia has reached a maximal point since the beginning of the year,” explain experts of Masterforex-V Academy.
Processing industries of RF have shown first signs of employment growth.
These days slowdown of reduction in activity in Russiaт processing industries maintains its rather intricate market conjecture, which is proved by results of research held by the company in May. It is worth reminding that negative dynamics of PMI index of processing industries is happenning due to smaller volume of new orders.
Let us admit that first signs of rising employment in the sector for almost a 3-year period alongside with return of positive dynamics of industrial volumes signals about small total reduction.
Stabilization is Close – Agass
“Basing on Markit latest results on the market, we may assume that stabilization is close, which is indicated by though small growth of employment and production volumes,” admitted the company’s economist Samuel Agass in his statement.
“As of May 03, ruble is getting stronger against US dollar and is traded at 65.70 rubles per dollar,” explain analysts of Masterforex-V Trading System . Closest support is provided by sloping channels and pivot MF 65.08 and 64.76 (see the chart). And important resistance is given by local maximum 67.67.
