The S&P Global Russia Manufacturing PMI declined to 50.3 in July 2022 from 50.9 in June. The reading pointed to the third straight month of expansion in factory activity, but the weakest growth in the current sequence, amid the sharpest fall in output since April, as companies noted raw material shortages and relatively subdued demand conditions. Meanwhile, new orders grew at the sharpest since April 2019, due to stronger demand conditions, amid a softest decline in external demand since February. Employment declined, after rising in the previous month, as firms hiring staff due to salary competition. On the price front, input price inflation eased slightly to the second-softest since February 2020, while output prices fell for the second straight month and the steepest pace since January 2009. Finally, the sentiment strengthened to the strongest since February, amid hopes of greater stability in domestic economic conditions and further increases in new orders. source: Markit Economics

Manufacturing PMI in Russia averaged 49.90 points from 2011 until 2022, reaching an all time high of 54.70 points in January of 2017 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. Russia Manufacturing PMI - data, historical chart, forecasts and calendar of releases - was last updated on August of 2022.

Manufacturing PMI in Russia is expected to be 47.20 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 50.10 points in 2023 and 50.00 points in 2024, according to our econometric models.

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Russia Manufacturing PMI



Related Last Previous Unit Reference
Services PMI 54.70 51.70 points Jul 2022
Manufacturing PMI 50.30 50.90 points Jul 2022
Composite PMI 52.20 50.40 points Jul 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
50.30 50.90 54.70 31.30 2011 - 2022 points Monthly
SA

News Stream
Russia Manufacturing Growth Eases in July
The S&P Global Russia Manufacturing PMI declined to 50.3 in July 2022 from 50.9 in June. The reading pointed to the third straight month of expansion in factory activity, but the weakest growth in the current sequence, amid the sharpest fall in output since April, as companies noted raw material shortages and relatively subdued demand conditions. Meanwhile, new orders grew at the sharpest since April 2019, due to stronger demand conditions, amid a softest decline in external demand since February. Employment declined, after rising in the previous month, as firms hiring staff due to salary competition. On the price front, input price inflation eased slightly to the second-softest since February 2020, while output prices fell for the second straight month and the steepest pace since January 2009. Finally, the sentiment strengthened to the strongest since February, amid hopes of greater stability in domestic economic conditions and further increases in new orders.
2022-08-01
Russia Manufacturing PMI Edges Up to 5-Month High
The S&P Global Russia Manufacturing PMI inched up to 50.9 in June 2022 from 50.8 in May. The reading pointed to the second straight month of expansion in factory activity, as new orders returned to growth, boosted by greater domestic demand and the agreement of new projects. Meanwhile, output continued to decline amid a sharp further steep fall in exports and shortages of raw materials. Employment rose for the first time in five months, as firms stepped up their hiring activity. On the price front, input price inflation eased to the slowest since February 2020, while output prices fell for the first time since March 2017. Finally, the sentiment strengthened to a four-month high, amid hopes of greater client demand and a stabilisation in economic conditions.
2022-07-01
Russia Manufacturing Returns to Growth
The S&P Global Russia Manufacturing PMI increased to 50.8 in May 2022 from 48.2 in April. The reading pointed to the first expansion in factory activity since January, as both output and new orders declined at a softer pace, with exports orders fell at one of the fastest paces on record, due to largely to the effect of sanctions. Meanwhile, employment declined at a slower rate, with backlogs work decreasing only fractionally, amid some reports that material delivery delays held up the processing of incoming new orders. On the price front, input price inflation eased to the softest since July 2020, as some material prices fell. As, a result, the charge inflation slowed to the slowest since June 2020. Finally, the sentiment strengthened to a three-month high, amid hopes of greater client demand in the coming 12 months. However, the level of positive sentiment was below the series trend.
2022-06-01