Russia Manufacturing PMI2011-2020 Data | 2021-2022 Forecast | Calendar | Historical

The IHS Markit Russia Manufacturing PMI declined to 48.4 in July 2020 from 49.4 in the previous month. The latest figure indicated a faster decline in the manufacturing sector and signaling a step backwards for goods producers, as demand conditions faltered. Output expanded marginally for second month running, as factories reopened, the rate of growth was the second-fastest since April 2019. New export orders continued to contract in July, albeit at the slowest pace since May 2019. Meanwhile, employment continued to decline amid historically weak demand. On the price front, rates of input cost accelerated to the second-fastest since March 2019, as shortages of raw materials and unfavourable exchange rate, while output charge inflation accelerated only a marginally. Finally, sentiment picked up to a six-month high amid reports of investment in product development and hopes of a return to pre-pandemic output levels over the long term.

The IHS Markit Russia Manufacturing PMI jumped to 49.4 in June 2020 from 36.2 in the previous month. The latest figure signalled only a fractional decline in manufacturing sector performance, and one that was the slowest since May 2019. Output expanded at the sharpest since April 2019, as factories reopened and firms returned to work. New orders returned to growth, as customers gradually resumed operations. Meanwhile, employment continued to decline amid historically weak demand. New export orders growth eased to the softest in three months. On the price front, rates of input cost eased, as suppliers rebuilt stocks and some travel restrictions were lifted, while output charge inflation softened to a marginal pace, as firms discounted to retain clients and boost sales further. Finally, sentiment picked up amid hopes of greater client demand.

The IHS Markit Russia Manufacturing PMI rose to 36.2 in May 2020 from 31.3 in the previous month. The latest reading pointed to the thirteenth straight month of contraction in the sector and the second steepest decline since early 2009, amid the ongoing impact of the coronavirus pandemic. Output fell to the strongest for over 11 years and new orders dropped at the second fastest pace since December 2008. New export orders contracted the most since the depths of the global financial crisis. Meanwhile, employment declines markedly. On the price front, rates of input and output charge inflation accelerated as suppliers increased their charges and rouble weakness drove import prices. Finally, sentiment turned negative and slid to record low amid fears of a slow recovery.

The IHS Markit Russia Manufacturing PMI tumbled to 31.3 in April 2020 from 47.5 in the previous month. The latest reading pointed to the twelfth straight month of contraction in the sector and the steepest since the series began in September 1997. Output and new orders declined at the fastest pace since the survey began due to the impact coronavirus pandemic. New export orders contracted at a record rate, with a number of firms stating that clients had cancelled or postponed orders since emergency public health measures were put in place. Meanwhile, employment numbers were reduced at the fastest pace since January 2009. On the price front, rates of input price and output charge inflation quickened. Cost burdens rose to the fastest since January 2019. Meanwhile, output charges continued to rise, as they partly passed on higher input prices to clients. Finally, sentiment declined to a series low, amid uncertainty towards the global economic outlook.