The IHS Markit Russia Services PMI increased to 50.5 in September 2021 from 49.3 in the previous month, indicating a renewed expansion in Russian service sector business activity, supported by stronger domestic client demand, as new sales increased at a faster pace despite a return to contraction in new export orders. Meanwhile, output grew marginally. At the same time, employment rose, despite the rate of job creation was only fractional overall. On the price front, input cost inflation accelerated to a four-month high, due to a rise in greater supplier and fuel costs. Meanwhile, the pace of charge inflation was the steepest for three months and sharp overall. Finally, business morale strongest since May 2019, amid hopes of stronger demand over the coming months. source: Markit Economics
Services PMI in Russia averaged 52.19 points from 2010 until 2021, reaching an all time high of 58.50 points in July of 2020 and a record low of 12.20 points in April of 2020. This page provides the latest reported value for - Russia Services PMI - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Russia Services PMI - data, historical chart, forecasts and calendar of releases - was last updated on October of 2021.
Services PMI in Russia is expected to be 51.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Russia Services PMI is projected to trend around 51.70 points in 2022 and 52.00 points in 2023, according to our econometric models.