The S&P Global Russia Services PMI climbed to 53.1 in January 2026 from 52.3 in December, signaling a fourth consecutive month of expansion. The reading also marked the fastest expansion in the services sector since January 2025, as growth in output and new orders gained momentum. Stronger demand conditions also supported a fresh rise in employment. On the price front, both input and output costs rose, partly driven by higher value-added tax. However, input cost inflation eased to its lowest level since May 2009, reflecting reduced wage bills following lower employment and a moderation in some material prices. Meanwhile, output charges rose solidly as firms continued to pass higher costs on to customers. That said, output inflation eased to a seven-month low and remained below its long-term average. Looking ahead, business sentiment ticked down to its second-weakest level since January 2023. source: S&P Global

Services PMI in Russia increased to 53.10 points in January from 52.30 points in December of 2025. Services PMI in Russia averaged 51.88 points from 2010 until 2026, 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.

Services PMI in Russia increased to 53.10 points in January from 52.30 points in December of 2025. Services PMI in Russia is expected to be 50.50 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 52.00 points in 2027, according to our econometric models.



Related Last Previous Unit Reference
Business Confidence 0.70 -0.30 points Jan 2026
Capacity Utilization 61.00 59.00 percent Jan 2026
Car Production 73.30 54.10 Thousand Units Dec 2025
Changes in Inventories 1358.00 1933.10 RUB Billion Sep 2025
Corporate Profits 25430.00 21566.00 RUB Billion Nov 2025
Corruption Index 22.00 22.00 Points Dec 2025
Corruption Rank 157.00 154.00 Dec 2025
Industrial Production YoY 3.70 0.40 percent Dec 2025
Industrial Production Mom 19.00 -2.60 percent Dec 2025
Manufacturing Production 7.80 1.00 percent Dec 2025
Mining Production -2.80 0.40 percent Dec 2025
Steel Production 5800.00 5200.00 Thousand Tonnes Dec 2025
Vehicle Sales YoY 75632.00 141429.00 Units Jan 2026


Russia Services PMI
The Markit Russia Services PMI is based on data compiled from monthly replies to questionnaires sent to purchasing executives in over 300 private service sector companies. The Index tracks variables such as sales, employment, inventories and prices. An index reading above 50 indicates an overall increase in that variable, below 50 an overall decrease. This is only a limited sample of PMI headline data displayed on the Customer’s service, under licence from S&P Global. Full historic PMI headline data and all other PMI sub-index data and histories are available on subscription from S&P Global. Contact economics@spglobal.com for more details.

News Stream
Russia Services PMI Rises to 12-Month High
The S&P Global Russia Services PMI climbed to 53.1 in January 2026 from 52.3 in December, signaling a fourth consecutive month of expansion. The reading also marked the fastest expansion in the services sector since January 2025, as growth in output and new orders gained momentum. Stronger demand conditions also supported a fresh rise in employment. On the price front, both input and output costs rose, partly driven by higher value-added tax. However, input cost inflation eased to its lowest level since May 2009, reflecting reduced wage bills following lower employment and a moderation in some material prices. Meanwhile, output charges rose solidly as firms continued to pass higher costs on to customers. That said, output inflation eased to a seven-month low and remained below its long-term average. Looking ahead, business sentiment ticked down to its second-weakest level since January 2023.
2026-02-04
Russia Services PMI Hits 11-Month High
The S&P Global Russia Services PMI inched higher to 52.3 in December 2025 from 52.2 in November, signaling a third consecutive month of expansion. The reading also marked the strongest performance since January, as output and new orders rose at faster rates, with output growing at its fastest pace in seven months amid stronger demand conditions. Despite a quicker rise in new sales, service providers cut staffing levels, with the pace of job shedding the sharpest in almost three years. On the price front, input cost inflation eased to its lowest level since May 2009, driven by reduced wage bills following lower employment and moderations in some material prices. Meanwhile, output charges rose solidly as firms continued to pass higher costs on to customers. However, output inflation eased to a six-month low and remained below the series trend. Looking ahead, business sentiment deteriorated to its second-weakest level since January 2023.
2025-12-30
Russia Services PMI Rises to 6-Month High
The S&P Global Russia Services PMI climbed to 52.2 in November 2025 from 51.7 in October, signaling a second consecutive month of expansion. It also marked the strongest performance since May as output continued to grow and new orders posted a renewed rise amid stronger demand conditions. In response to the increase in new orders, firms raised their employment, though job creation eased to a four-month low and was only marginal. On the price front, input costs rose amid higher wage bills and increased supplier expenses, although the rate of increase remained below the long-run series average. Meanwhile, selling prices also rose at a softer pace and remained below the series average. Even so, output prices increased as firms passed on higher costs to clients. Lastly, business sentiment improved from October’s 34-month low, supported by plans to launch new products and invest in new customers. However, sentiment remained historically muted.
2025-12-03