Russia’s S&P Global Manufacturing PMI inched down to 48.1 in April from 48.3 in March, marking the eleventh straight month of contraction in factory activity. The latest reading also marked the deepest contraction since last December, due to further declines in output, new orders, and employment, with the latter falling at the quickest pace in four years. A further contraction in foreign sales also weighed on total new orders. Purchasing activity declined further, though the rates of decline in input buying and the depletion of both stocks of purchases and finished goods eased. Meanwhile, delivery times lengthened slightly. On the price front, input cost inflation accelerated to the second-sharpest pace in over a year, driven by higher shipping, logistics, and raw material prices. Selling prices rose faster as higher costs were passed through to clients. Finally, business confidence improved to a seven-month high amid hopes of stronger demand from export markets. source: S&P Global

Manufacturing PMI in Russia decreased to 48.10 points in April from 48.30 points in March of 2026. Manufacturing PMI in Russia averaged 50.30 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 decreased to 48.10 points in April from 48.30 points in March of 2026. Manufacturing PMI in Russia is expected to be 48.50 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 49.60 points in 2027 and 50.20 points in 2028, according to our econometric models.



Related Last Previous Unit Reference
Business Confidence -3.20 -0.90 points Apr 2026
Capacity Utilization 62.00 62.00 percent Apr 2026
Car Production 66.90 66.10 Thousand Units Mar 2026
Changes in Inventories 1248.10 983.10 RUB Billion Dec 2025
Corporate Profits 3350.00 2029.10 RUB Billion Feb 2026
Corruption Index 22.00 22.00 Points Dec 2025
Corruption Rank 157.00 154.00 Dec 2025
Industrial Production YoY 2.30 -0.90 percent Mar 2026
Industrial Production Mom 12.40 -1.20 percent Mar 2026
Manufacturing Production 3.00 -2.80 percent Mar 2026
Mining Production 1.00 0.90 percent Mar 2026
Steel Production 5000.00 5400.00 Thousand Tonnes Apr 2026
Vehicle Sales YoY 117257.00 102077.00 Units Apr 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 Shrinks the Most in 4 Months
Russia’s S&P Global Manufacturing PMI inched down to 48.1 in April from 48.3 in March, marking the eleventh straight month of contraction in factory activity. The latest reading also marked the deepest contraction since last December, due to further declines in output, new orders, and employment, with the latter falling at the quickest pace in four years. A further contraction in foreign sales also weighed on total new orders. Purchasing activity declined further, though the rates of decline in input buying and the depletion of both stocks of purchases and finished goods eased. Meanwhile, delivery times lengthened slightly. On the price front, input cost inflation accelerated to the second-sharpest pace in over a year, driven by higher shipping, logistics, and raw material prices. Selling prices rose faster as higher costs were passed through to clients. Finally, business confidence improved to a seven-month high amid hopes of stronger demand from export markets.
2026-05-04
Russia Manufacturing PMI Dips to 3-Month Low
Russia’s S&P Global Manufacturing PMI fell to 48.3 in March from 49.5, marking the lowest since December and a tenth straight month of drop in factory activity. Output declined at the sharpest pace in three months, while new orders shrank the most since last October. Foreign demand remained weak, though the pace of decline eased slightly. Buying levels plunged, posting the steepest fall in four years, and employment dropped for a fourth month. Backlogs fell further, with depletion accelerating despite supply delays from logistical disruptions. On prices, input cost pressures intensified, rising at the second-fastest pace in over a year on higher fuel and supplier prices, though still below the long-term trend. Firms passed on some costs, but output price inflation slowed to a marginal, historically subdued rate. Lastly, business confidence weakened for a second month, hitting its lowest in nearly four years amid fragile demand and solvency concerns.
2026-04-01
Russia Manufacturing Nears Stabilization
The S&P Global Russia Manufacturing PMI rose slightly to 49.5 in February 2026 from 49.4 in January, signaling only a marginal decline in sector health and marking the softest downturn in the current nine-month sequence of contraction. Production fell at its slowest pace in 12 months, supported by broadly stable new order inflows. Export orders, however, fell faster, reflecting muted international demand. Employment declined to its fastest since June 2025, while backlogs of work fell modestly for the 13th month in a row. Input purchases and inventories contracted at the quickest pace in four months as firms used existing stocks to meet orders. Rates of input cost and output charge inflation eased notably from January’s VAT-driven highs, remaining below long-run averages. Business confidence slipped to one of the lowest levels in over three-and-a-half years, though some firms remained optimistic due to technology investments and hopes of stronger demand.
2026-03-02