The IHS Markit Russia Composite PMI dropped to 49.5 in October 2021 from 50.5 a month earlier. The fall was the second in three months, as a quicker expansion in manufacturing production was outweighed by a renewed contraction in the service sector. A return to decline in new business at service providers sparked a marginal fall in private sector new orders while foreign client demand weakened as the downturn in manufacturing new export orders accelerated. Meantime, the fractional rise in employment at manufacturing firms was outweighed by a decline in workforce numbers at service providers. However,
backlogs of work continued to fall across the private sector. Regarding prices, input cost inflation was at a four-month high amid higher utility and supplier prices. Similarly, the rate of charge inflation gathered pace. Finally, a resurgence in COVID-19 cases dampened service sector mood, while manufacturers noted slightly stronger output expectations for the year ahead. source: Markit Economics
Composite PMI in Russia averaged 51.30 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 November 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. 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.