Facebook Blogging

Edward Hugh has a lively and enjoyable Facebook community where he publishes frequent breaking news economics links and short updates. If you would like to receive these updates on a regular basis and join the debate please invite Edward as a friend by clicking the Facebook link at the top of the right sidebar.

Claus Vistesen and I also have a number of country briefings and study papers available for download in PDF format. The latest are:

Bank Rossii Eases Further As Russia's Economy Contracts At A Record Rate

The ECB's Balance Sheet At A Glance.

Tuesday, August 5, 2008

Russia Services PMI Continues Strong In July

Growth in Russian service industries, ranging from banking and telecommunications to restaurants, slowed slightly in July from a 32-month high in June. VTB Bank Europe's Purchasing Managers' Index for services fell to 58.3 from 59.1 in June. A reading above 50 shows expansion.

Economic growth in Russia, the world's biggest energy exporter, is being stoked by record crude prices, which are boosting wages and consumer spending. Retail sales rose an annual 13.8 percent in June and the inflation rate remained at 15.1 percent, according to government figures.

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