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.