Russia Composite PMI Rises to Five-Month High,

2026-08-05 06:08 By Farida Husna 1 min. read

Russia’s S&P Global Composite PMI rose to 49.6 in July 2026 from 48.9 in the prior month, marking the highest reading since February.

However, the index remained below the 50 threshold for a fifth straight month, signaling that private-sector activity continued to contract.

The manufacturing sector remained the brighter spot, with output and new orders expanding, while service providers reported further declines in business activity and new sales.

Weak demand also prompted firms to cut staffing levels across both sectors, extending the downturn in employment.

On the price front, input cost inflation accelerated, partly driven by fuel shortages, prompting companies to pass on some of the higher operating expenses through faster increases in selling prices.

Meanwhile, business confidence stayed subdued as firms cited soft demand, weaker client purchasing power, and uncertainty over the near-term outlook, limiting expectations for a meaningful recovery.



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Russia Composite PMI Rises to Five-Month High,
Russia’s S&P Global Composite PMI rose to 49.6 in July 2026 from 48.9 in the prior month, marking the highest reading since February. However, the index remained below the 50 threshold for a fifth straight month, signaling that private-sector activity continued to contract. The manufacturing sector remained the brighter spot, with output and new orders expanding, while service providers reported further declines in business activity and new sales. Weak demand also prompted firms to cut staffing levels across both sectors, extending the downturn in employment. On the price front, input cost inflation accelerated, partly driven by fuel shortages, prompting companies to pass on some of the higher operating expenses through faster increases in selling prices. Meanwhile, business confidence stayed subdued as firms cited soft demand, weaker client purchasing power, and uncertainty over the near-term outlook, limiting expectations for a meaningful recovery.
2026-08-05
Russia Composite PMI Lowest in 3 Months
Russia’s S&P Global Composite PMI edged down to 48.9 in June 2026 from 49.2 in the previous month, marking the lowest reading since March and signaling a fourth consecutive month of contraction in private-sector activity. The decline reflected continued weakness in the service sector, which more than offset a further expansion in manufacturing output. New orders fell again, driven by a sharper drop in services demand, while manufacturers reported broadly stable sales. Meanwhile, backlogs of work continued to decline, pointing to spare capacity across the private sector. In response, firms extended workforce reductions, with some citing cost-cutting measures. On the price front, both input costs and output charges continued to increase, but inflationary pressures eased further, with the pace of cost and selling price growth slowing to the weakest so far in 2026 across both manufacturing and services.
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Russia Composite PMI Inches Higher
Russia’s S&P Global Composite PMI edged up to 49.2 in May 2026 from 49.1 in the previous month, marking its highest reading since February. However, the latest result marked the third straight month of decline in private-sector activity. New orders shrank markedly across both the manufacturing and services sectors, as financial difficulties among clients weighed on demand. Firms further reduced staffing levels while backlogs of work fell at the sharpest pace in four years, reflecting reduced pressure on operating capacity. On the price front, inflation trends were mixed. While service providers reported a further easing in cost pressures from the elevated levels seen earlier in the year, a renewed acceleration in manufacturing input costs drove overall input price inflation higher. As a result, firms also raised output charges at a faster pace. Lastly, business confidence weakened.
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