The S&P Global Russia Services PMI declined to 48.2 in June 2026 from May's 48.7, marking the fourth consecutive month of contraction in the sector. The latest reading also marked the steepest contraction since last September, driven by sharper declines in both output and new orders. In line with lower new orders, firms reduced employment for the fifth consecutive month, with the pace of job shedding the steepest in three and a half years. On the price front, input costs rose due to higher transportation fees and wage bills. However, input price inflation eased for the fifth consecutive month, down from January's VAT-driven peak. Meanwhile, output charges also increased as firms passed higher costs on to customers, although output price inflation slowed to its lowest level since January 2021. Looking ahead, business sentiment remained weak, reaching its second-lowest level since December 2022. source: S&P Global

Services PMI in Russia decreased to 48.20 points in June from 48.70 points in May of 2026. Services PMI in Russia averaged 51.81 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 48.20 points in June from 48.70 points in May of 2026. Services PMI in Russia is expected to be 50.80 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 -2.10 -1.00 points Jun 2026
Capacity Utilization 62.00 62.00 percent Jun 2026
Car Production 51.60 68.40 Thousand Units May 2026
Changes in Inventories 1604.40 1248.10 RUB Billion Mar 2026
Corporate Profits 8850.00 5190.00 RUB Billion Apr 2026
Corruption Index 22.00 22.00 Points Dec 2025
Corruption Rank 157.00 154.00 Dec 2025
Industrial Production YoY -0.70 1.90 percent May 2026
Industrial Production Mom -1.60 -4.10 percent May 2026
Manufacturing Production 0.50 3.10 percent May 2026
Mining Production -2.70 -0.40 percent May 2026
Steel Production 5600.00 5000.00 Thousand Tonnes May 2026
Vehicle Sales YoY 110669.00 117257.00 Units May 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 Sector Contracts the Most in 9 Months
The S&P Global Russia Services PMI declined to 48.2 in June 2026 from May's 48.7, marking the fourth consecutive month of contraction in the sector. The latest reading also marked the steepest contraction since last September, driven by sharper declines in both output and new orders. In line with lower new orders, firms reduced employment for the fifth consecutive month, with the pace of job shedding the steepest in three and a half years. On the price front, input costs rose due to higher transportation fees and wage bills. However, input price inflation eased for the fifth consecutive month, down from January's VAT-driven peak. Meanwhile, output charges also increased as firms passed higher costs on to customers, although output price inflation slowed to its lowest level since January 2021. Looking ahead, business sentiment remained weak, reaching its second-lowest level since December 2022.
2026-07-03
Russia Services Growth Hits 8-Month Low
The S&P Global Russia Services PMI declined to 48.7 in May 2026 from 49.7 in the previous month, marking the third consecutive month of contraction in the sector. The latest reading also marked the steepest contraction since last September, driven by declines in output and a sharper fall in new sales. In line with lower new orders, firms reduced employment, with the pace of job shedding easing to its slowest level in three months. On the price front, input costs rose due to higher supplier prices, energy costs, and wage bills. However, input price inflation eased to its lowest level since last December. Meanwhile, output charges also increased as firms passed higher costs on to customers, although output price inflation slowed from January's recent VAT-driven peak and was the weakest so far in 2026. Finally, business sentiment weakened to its lowest level since the end of 2022 amid subdued demand.
2026-06-03
Russia Services Sector Shrinks for 2nd Month
The S&P Global Russia Services PMI climbed to 49.7 in April 2026 from 49.5 in the previous month, marking the second consecutive month of contraction in the sector. The contraction was driven by declines in output and attributed to weak client demand and a reduction in new orders for the first time in six months, though only fractionally, amid financial difficulties among customers. In line with lower new orders, firms reduced employment, with job shedding easing compared with March and remaining modest overall. On the price front, input costs rose due to higher supplier prices and ongoing adjustments to the recent VAT hike. However, price inflation eased further from January’s recent high and was softer than the series trend. Meanwhile, output costs rose as firms passed through higher costs to customers, despite inflation slowing. Finally, business sentiment weakened to its lowest level in 40 months amid challenging financial conditions.
2026-05-06