The S&P Global Russia Manufacturing PMI increased to 54.9 in June 2024 from May's 54.4. It was the 25th straight month of expansion in factory activity and the fastest pace since March due to a sharp rise in output and new orders, with foreign sales returning to growth. At the same time, employment rose at the fastest rate on record, while backlogs of work declined for the first time in four months. Firms raised their input buying to the quickest in six months, with greater new orders and efforts to replenish used stocks reportedly supported the steeper upturn. On the cost side, input price inflation quickened to the fastest since November 2023 amid ongoing logistics issues and higher transportation and supplier prices. Selling prices rose for the 3rd month running and were at the steepest pace in 2024 so far. Lastly, sentiment strengthened to a three-month high, buoyed by planned investment in new product development and outreach to new clients. source: S&P Global

Manufacturing PMI in Russia increased to 54.90 points in June from 54.40 points in May of 2024. Manufacturing PMI in Russia averaged 50.41 points from 2011 until 2024, 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. Russia Manufacturing PMI - data, historical chart, forecasts and calendar of releases - was last updated on July of 2024.

Manufacturing PMI in Russia increased to 54.90 points in June from 54.40 points in May of 2024. Manufacturing PMI in Russia is expected to be 51.50 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 52.50 points in 2025 and 52.00 points in 2026, according to our econometric models.



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Capacity Utilization 60.00 percent May 2024
Car Production 62.80 Thousand Units Apr 2024
Changes in Inventories 1308.70 RUB Billion Dec 2023
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Corporate Profits 10050.00 RUB Billion Apr 2024
Corruption Index 26.00 Points Dec 2023
Corruption Rank 141.00 Dec 2023
Industrial Production YoY 5.30 percent May 2024
Industrial Production Mom -4.90 percent Apr 2024
S&P Global Manufacturing PMI 54.90 points Jun 2024
Manufacturing Production 8.30 percent Apr 2024
Mining Production -1.70 percent Apr 2024
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Steel Production 6300.00 Thousand Tonnes May 2024
Vehicle Sales YoY 130715.00 Units Jun 2024

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
54.90 54.40 55.70 31.30 2011 - 2024 points Monthly
SA


News Stream
Russia Manufacturing Growth at 3-Month High
The S&P Global Russia Manufacturing PMI increased to 54.9 in June 2024 from May's 54.4. It was the 25th straight month of expansion in factory activity and the fastest pace since March due to a sharp rise in output and new orders, with foreign sales returning to growth. At the same time, employment rose at the fastest rate on record, while backlogs of work declined for the first time in four months. Firms raised their input buying to the quickest in six months, with greater new orders and efforts to replenish used stocks reportedly supported the steeper upturn. On the cost side, input price inflation quickened to the fastest since November 2023 amid ongoing logistics issues and higher transportation and supplier prices. Selling prices rose for the 3rd month running and were at the steepest pace in 2024 so far. Lastly, sentiment strengthened to a three-month high, buoyed by planned investment in new product development and outreach to new clients.
2024-07-01
Russia Manufacturing PMI Edges Higher
The S&P Global Russia Manufacturing PMI was up to 54.4 in May 2024 from April's 3-month low of 54.3. It was the 25th straight month of growth in factory activity, with output expanding the most since January 2017 and new orders increased sharply. At the same time, employment gained the most in 26-1/2 years while backlogs rose for the third month. Firms raised their input buying steeply but they struggled to replenish pre-production inventories while stocks of finished items fell for the first time in 3 months. New export orders, however, fell for the 6th time in the last 7 months. Vendor performance deteriorated, owing to logistics delays. On the cost side, input price inflation quickened for the second month and was the sharpest since December 2023. Selling prices rose further, with the inflation rate the highest in 4 months. Finally, sentiment slipped to a 9-month low but the level of optimism was still historically upbeat, on hopes of further new customer wins and stronger demand.
2024-06-03
Russia Manufacturing Growth at 3-Month Low
The S&P Global Russia Manufacturing PMI decreased to 54.3 in April 2024 from 55.7 in the previous month, which was the fastest expansion since August 2006. The reading pointed to the softest expansion in the sector since January, as output and new order growth eased, with foreign demand returned to contraction territory. Subsequently, firms raised employment for the third straight month, though the rate of job creation slowed from March, but was nonetheless among the strongest in over 23 years. Despite a sharp rise in employment, the backlogs of work rose to the fastest since July 2017, as capacity was placed under strain. On the price front, input cost inflation accelerated due to higher raw materials and transport prices, and delivery times continued to lengthen. Meanwhile, selling prices rose as firms passed through greater costs to customers. Finally, business sentiment weakened to a three-month low but remained upbeat amid hopes of higher production and stronger customer demand.
2024-05-02