MOSCOW (Reuters) -Russia’s manufacturing sector contracted slightly faster in September than the previous month as both output and new orders shrank more quickly, a survey by S&P Global showed on Wednesday.

The S&P Global Russia Manufacturing Purchasing Managers’ Index (PMI) fell to 48.2 in September from 48.7 in August, marking the fourth consecutive month of decline. PMI readings below 50 indicate contractions in activity.

The drop in production was attributed to weaker demand conditions, with new orders falling at the steepest rate since November 2022. Financial difficulties among clients and hesitancy in purchasing were cited as key factors affecting sales.

Employment in the sector also saw a renewed decline, driven by resignations and the non-replacement of voluntary leavers. The p

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