Russia’s S&P Global Manufacturing PMI rose to 49.8 in September from 48.8 in August, indicating a softer contraction in the sector for a second consecutive month. Output declined for the second month, albeit at a slower pace, while new orders fell at a slower rate amid weak demand and higher prices. Meanwhile, new export orders fell at the fastest pace since May 2022. Employment declined for a 10th consecutive month, with the pace of job shedding accelerating to the fastest since May. On prices, input cost inflation eased to a three-month low, while selling price inflation also slowed to its weakest pace since June. Supplier delivery times lengthened to the greatest extent since October 2024 due to transportation delay and logistic issues. Purchasing activity declined sharpest since April as firms reduced input buying and drew down stocks amid lower new order inflows. Lastly, sentiment improved as firms expected stronger demand conditions and sought to attract new customers. source: S&P Global

Manufacturing PMI in Russia increased to 49.80 points in September from 48.80 points in August of 2026. Manufacturing PMI in Russia averaged 50.28 points from 2011 until 2026, reaching an all time high of 55.70 points in March of 2024 and a record low of 31.30 points in April of 2020. This page provides the latest reported value for - Russia Manufacturing PMI - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Manufacturing PMI in Russia increased to 49.80 points in September from 48.80 points in August of 2026. Manufacturing PMI in Russia is expected to be 50.50 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Russia Manufacturing PMI is projected to trend around 50.30 points in 2027 and 50.20 points in 2028, according to our econometric models.



Related Last Previous Unit Reference
Business Confidence -0.50 -1.00 points Sep 2026
Capacity Utilization 62.00 62.00 percent Aug 2026
Car Production 62.60 65.80 Thousand Units Aug 2026
Changes in Inventories 1604.40 1248.10 RUB Billion Mar 2026
Corporate Profits 13028.00 11297.60 RUB Billion Jul 2026
Corruption Index 22.00 22.00 Points Dec 2025
Corruption Rank 157.00 154.00 Dec 2025
Industrial Production YoY -0.60 0.40 percent Aug 2026
Industrial Production Mom -0.60 1.40 percent Aug 2026
Manufacturing Production -0.50 2.40 percent Aug 2026
Mining Production -1.30 -2.60 percent Aug 2026
Steel Production 5500.00 5700.00 Thousand Tonnes Aug 2026
Vehicle Sales YoY 124416.00 110669.00 Units Jun 2026


Russia Manufacturing PMI
The S&P Global Manufacturing Purchasing Managers’ Index measures the performance of the manufacturing sector and is derived from a survey of 300 manufacturing companies. The Manufacturing Purchasing Managers Index is based on five individual indexes with the following weights: New Orders (30 percent), Output (25 percent), Employment (20 percent), Suppliers’ Delivery Times (15 percent) and Stock of Items Purchased (10 percent), with the Delivery Times index inverted so that it moves in a comparable direction. A reading above 50 indicates an expansion of the manufacturing sector compared to the previous month; below 50 represents a contraction; while 50 indicates no change. This is only a limited sample of PMI headline data displayed on the Customer’s service, under licence from S&P Global. Full historic PMI headline data and all other PMI sub-index data and histories are available on subscription from S&P Global. Contact economics@spglobal.com for more details.

News Stream
Russia Manufacturing Nears Stabilization
Russia’s S&P Global Manufacturing PMI rose to 49.8 in September from 48.8 in August, indicating a softer contraction in the sector for a second consecutive month. Output declined for the second month, albeit at a slower pace, while new orders fell at a slower rate amid weak demand and higher prices. Meanwhile, new export orders fell at the fastest pace since May 2022. Employment declined for a 10th consecutive month, with the pace of job shedding accelerating to the fastest since May. On prices, input cost inflation eased to a three-month low, while selling price inflation also slowed to its weakest pace since June. Supplier delivery times lengthened to the greatest extent since October 2024 due to transportation delay and logistic issues. Purchasing activity declined sharpest since April as firms reduced input buying and drew down stocks amid lower new order inflows. Lastly, sentiment improved as firms expected stronger demand conditions and sought to attract new customers.
2026-10-01
Russia Manufacturing Returns to Contraction
Russia’s S&P Global Manufacturing PMI fell to 48.8 in August from July’s 18-month high of 50.7, marking the first contraction in the sector in three months. The contraction was driven by decreases in production and new orders, while employment and stock levels contracted further. Output shrank for the first time since April, albeit at a marginal pace, linked to lower new orders. The modest decrease in new orders was due to weak client demand, with foreign sales recording the second-fastest drop since last September. Firms recorded a renewed fall in input buying, while supplier delivery times lengthened the most since December 2024 due to logistics issues and fuel shortages. On the price front, both input and output cost inflation accelerated to seven-month highs, due to higher fuel and imported goods prices. Looking ahead, business sentiment improved amid hopes of strengthening demand conditions and increased investment in advertising.
2026-09-01
Russia Manufacturing Growth Hits 18-Month High
Russia’s S&P Global Manufacturing PMI rose to 50.7 in July from 50.3 in June, signaling the strongest improvement in factory activity since January 2025. Output expanded at the quickest pace since January 2025, while new orders grew at the fastest rate since May 2025, supported by stronger domestic demand. Meanwhile, new export orders fell at the sharpest pace since October 2022. Employment declined further as firms continued not to replace voluntary leavers, though the pace of job shedding eased to a four-month low. Input cost and selling price inflation accelerated, as fuel shortages, transportation issues, and higher supplier costs pushed input cost inflation to its fastest pace since January 2026. Supplier delivery times lengthened to the greatest extent since February 2025 amid logistics disruptions, while firms increased purchasing activity to replenish stocks. Business confidence fell to its lowest level since May 2020 amid customer uncertainty and intensifying competition.
2026-08-03