Capital investments in Russia rose 12.8% in the first quarter

Russia’s capital investment increased 12.8% year-on-year in the first quarter to 3.995 trillion rubles ($ 64.96 billion), the Federal Statistical Service said Wednesday, after rising 3.3%. in the same period a year ago.

Russia’s decision to send tens of thousands of troops in Ukraine on February 24 and ensuing Western sanctions raised fears of an impending economic crisis, but official data released Wednesday painted a mixed picture.

A survey showed that Russian manufacturing activity rose in May after a three-month contraction and that price pressures eased. in significantly, but the sanctions nevertheless affected demand.

The Purchasing Managers Index, issued by Standard & Poor’s Global, climbed to 50.8 from 48.2 the previous month, surpassing the 50-point level that separated growth from contraction for the first time since January, according to ” Reuters “.

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