The IHS Markit Russia Services PMI rose to 54.9 in January 2019, one of the highest over the last six years, from a four-month low of 54.4 in the previous month. The upturn in output was supported by a sharp increase in new business and the fastest rise in new export orders since that series began in September 2014. In addition, the pace of job creation picked up to a ten-month high and business confidence remained strong. On the price front, changes in the rate of VAT led to significantly sharper rates of input price and output charge inflation, with the former accelerating to the quickest since September 2008. Services PMI in Russia is reported by Markit Economics.

Services PMI in Russia is expected to be 54.70 Index Points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Services PMI in Russia to stand at 54.00 in 12 months time. In the long-term, the Russia Services PMI is projected to trend around 54.00 Index Points in 2020, according to our econometric models.

Russia Services PMI
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Russia Business Last Previous Highest Lowest Unit
Business Confidence -2.00 -8.00 7.00 -20.00 Index Points [+]
Manufacturing PMI 50.90 51.70 54.70 47.60 [+]
Services PMI 54.90 54.40 58.40 41.30 Index Points [+]
Industrial Production 1.10 2.00 17.70 -16.90 percent [+]
Industrial Production Mom -21.50 7.00 24.40 -26.10 percent [+]
Manufacturing Production -1.00 0.00 27.10 -28.10 percent [+]
Capacity Utilization 65.00 64.00 66.00 38.00 percent [+]
Changes in Inventories 1786.60 935.10 2129.00 -1206.50 RUB Billion [+]
Total Vehicle Sales 103064.00 175240.00 291020.00 39497.00 [+]
Car Production 124.90 154.60 187.00 18.20 Thousand Units [+]
Car Registrations 103064.00 175240.00 291020.00 39497.00 [+]
Leading Economic Index 1.90 1.80 9.90 -11.80 percent [+]
Internet Speed 11846.17 11607.38 12288.46 1909.63 KBps [+]
IP Addresses 19163474.00 19200437.00 19200437.00 2137082.00 IP [+]
Steel Production 5870.00 5680.00 6804.00 3130.00 Thousand Tonnes [+]
Mining Production 4.80 6.30 10.80 -7.70 percent [+]
Cement Production 2.99 3.88 7.70 1.60 Millions of Tonnes [+]
Competitiveness Index 65.62 63.97 65.62 4.13 Points [+]
Competitiveness Rank 43.00 45.00 67.00 43.00 [+]
Composite Pmi 53.60 53.90 58.30 44.70 [+]
Bankruptcies 3013.00 3447.00 3696.00 1103.00 Companies [+]
Corporate Profits 12842.20 11551.60 12842.20 -224.00 RUB Billion [+]
Corruption Index 28.00 29.00 29.00 21.00 Points [+]
Corruption Rank 138.00 135.00 154.00 47.00 [+]
Ease of Doing Business 31.00 35.00 124.00 31.00 [+]


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 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 - actual data, historical chart and calendar of releases - was last updated on February of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
54.90 54.40 58.40 41.30 2010 - 2019 Index Points Monthly




Country Last Previous
Australia 44.30 Jan/19
Brazil 52.00 Jan/19
China 53.60 Jan/19
Euro Area 51.20 Jan/19
France 47.80 Jan/19
Germany 53.00 Jan/19
India 52.20 Jan/19
Italy 49.70 Jan/19
Japan 51.60 Jan/19
Russia 54.90 Jan/19
Spain 54.70 Jan/19
United Kingdom 50.10 Jan/19
United States 54.20 Jan/19


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