The IHS Markit Russia Composite PMI increased to 56.2 in May 2021 from 54.0 a month earlier, signaling a fastest expansion in private sector business activity since last August. The upturn was broad based and led by service providers. The rate of increase accelerated to the steepest for nine months, as manufacturers indicated a renewed upturn that was aided by a boost to new export sales. Contributing to the upturn in output was a stronger increase in new orders received by private sector companies. At the same time, job creation accelerated to the quickest pace for a decade. Meanwhile, backlogs continued to contract solidly. On the price front, input price inflation accelerated due to higher supplier price hikes and greater fuel costs, while output continued to rise. Lastly, business confidence deteriorated source: Markit Economics
Composite PMI in Russia averaged 51.20 points from 2013 until 2021, reaching an all time high of 58.30 points in January of 2017 and a record low of 13.90 points in April of 2020. This page provides - Russia Composite Pmi- actual values, historical data, forecast, chart, statistics, economic calendar and news. Russia Composite PMI - values, historical data and charts - was last updated on June of 2021.
Composite PMI in Russia is expected to be 53.20 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Composite PMI in Russia to stand at 53.20 in 12 months time. In the long-term, the Russia Composite PMI is projected to trend around 52.10 points in 2022 and 52.90 points in 2023, according to our econometric models.