Russia Manufacturing Shrinks the Least in 3 Months

2026-06-01 06:04 By Chusnul Chotimah 1 min. read

Russia’s S&P Global Manufacturing PMI rose to 48.8 in May from 48.1 in April, which marked the steepest contraction in four months, while extending the downturn in factory activity to a 12th straight month.

The latest reading also signaled the smallest contraction in three months, as output returned to growth.

Meanwhile, new orders fell at the fastest pace since July 2025, with new export orders declining at the fastest rate since September 2025.

Employment declined solidly, marking the second-fastest rate of job shedding since June 2025.

Purchasing activity rose at the fastest pace since the start of 2025, while delivery times lengthened, although the extent of the deterioration was only marginal.

On prices, input cost inflation accelerated to the second-sharpest pace since January 2025, driven by higher fuel, metal, and electrical equipment costs.

Selling prices rose at the fastest pace since February 2025.

Lastly, sentiment weakened amid concerns over customers' purchasing power.



News Stream
Russia Manufacturing Shrinks the Least in 3 Months
Russia’s S&P Global Manufacturing PMI rose to 48.8 in May from 48.1 in April, which marked the steepest contraction in four months, while extending the downturn in factory activity to a 12th straight month. The latest reading also signaled the smallest contraction in three months, as output returned to growth. Meanwhile, new orders fell at the fastest pace since July 2025, with new export orders declining at the fastest rate since September 2025. Employment declined solidly, marking the second-fastest rate of job shedding since June 2025. Purchasing activity rose at the fastest pace since the start of 2025, while delivery times lengthened, although the extent of the deterioration was only marginal. On prices, input cost inflation accelerated to the second-sharpest pace since January 2025, driven by higher fuel, metal, and electrical equipment costs. Selling prices rose at the fastest pace since February 2025. Lastly, sentiment weakened amid concerns over customers' purchasing power.
2026-06-01
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