Russia Manufacturing Growth at 6-Month High

2025-02-03 06:24 By Kyrie Dichosa 1 min. read

The S&P Global Russia Manufacturing PMI rose to 53.1 in January 2025, up from 50.8 in December, marking the fastest expansion since last July.

This sharp improvement in operating conditions was driven by sharp growth in output and new orders.

However, demand was primarily domestic, as export orders fell for the first time in six months.

Meanwhile, firms expanded their workforce slightly to meet rising demand, while backlogs of work returned to growth.

Supply chain issues persisted, with vendor performance deteriorating further, though the severity of delays eased.

On the pricing front, operating costs rose at a historically elevated pace due to higher supplier and transportation costs, leading to a quicker rise in selling prices.

As a result, the rate of charge inflation quickened to the second-fastest since October 2023, exceeding the series average.

Looking ahead, business confidence strengthened, fueled by investment plans and expectations for increased customer demand.



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