The S&P Global Russia Services PMI fell to 51.3 in February 2026 from 53.1 in January, signaling a modest upturn in business activity at the slowest pace in five months. New orders continued to rise for the fourth consecutive month, supported by steady customer demand, but growth slowed to its weakest since November 2025. Meanwhile, service sector employment fell for the second time in three months, although job losses were only fractional, with many firms citing voluntary leavers who were not replaced. On the price front, input costs rose sharply in February. While easing from January’s VAT-driven highs, inflation remained the second-fastest since January 2025, driven by higher fuel and utility prices. Output charges also increased steeply, marking the second-fastest rise since October 2023. Looking ahead, business confidence slipped to its lowest level since December 2022, as higher costs weighed on growth expectations despite continued optimism about demand. source: S&P Global

Services PMI in Russia decreased to 51.30 points in February from 53.10 points in January of 2026. 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 decreased to 51.30 points in February from 53.10 points in January of 2026. Services PMI in Russia is expected to be 52.50 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 52.20 points in 2027 and 52.50 points in 2028, according to our econometric models.



Related Last Previous Unit Reference
Business Confidence 0.40 0.70 points Feb 2026
Capacity Utilization 62.00 61.00 percent Feb 2026
Car Production 47.20 73.30 Thousand Units Jan 2026
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 -0.80 3.70 percent Jan 2026
Industrial Production Mom -23.70 19.00 percent Jan 2026
Manufacturing Production -3.00 7.80 percent Jan 2026
Mining Production 0.50 -2.80 percent Jan 2026
Steel Production 5500.00 5800.00 Thousand Tonnes Jan 2026
Vehicle Sales YoY 77163.00 75632.00 Units Feb 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 Growth Slows to Five-Month Low
The S&P Global Russia Services PMI fell to 51.3 in February 2026 from 53.1 in January, signaling a modest upturn in business activity at the slowest pace in five months. New orders continued to rise for the fourth consecutive month, supported by steady customer demand, but growth slowed to its weakest since November 2025. Meanwhile, service sector employment fell for the second time in three months, although job losses were only fractional, with many firms citing voluntary leavers who were not replaced. On the price front, input costs rose sharply in February. While easing from January’s VAT-driven highs, inflation remained the second-fastest since January 2025, driven by higher fuel and utility prices. Output charges also increased steeply, marking the second-fastest rise since October 2023. Looking ahead, business confidence slipped to its lowest level since December 2022, as higher costs weighed on growth expectations despite continued optimism about demand.
2026-03-04
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