The IHS Markit Russia Services PMI dropped to 54.4 in March 2019 from 55.3 in the previous month. Output rose the least so far this year and new business expanded at the softest rate in six months, despite a pick up in export sales growth to the fastest since September 2014. In addition, the pace of job creation slowed to a four-month low, while backlogs of works continued to fall. On the price front, inflationary pressures eased further from January's VAT-related high. Rates of both input cost and output charge inflation remained elevated and broadly in line with their respective series averages. Lastly, business sentiment hit its lowest level since last August, amid reports of softer underlying demand and intense competition. Services PMI in Russia is reported by Markit Economics.

Services PMI in Russia is expected to be 54.40 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 54.20 in 12 months time. In the long-term, the Russia Services PMI is projected to trend around 54.50 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 -2.00 7.00 -20.00 Index Points [+]
Manufacturing PMI 52.80 50.10 54.70 47.60 [+]
Services PMI 54.40 55.30 58.40 41.30 Index Points [+]
Industrial Production 1.20 4.10 17.70 -16.90 percent [+]
Industrial Production Mom 10.30 0.40 24.40 -26.10 percent [+]
Manufacturing Production 0.30 4.60 27.10 -28.10 percent [+]
Capacity Utilization 63.00 62.00 66.00 38.00 percent [+]
Changes in Inventories -586.50 1786.60 2129.00 -1206.50 RUB Billion [+]
Total Vehicle Sales 160180.00 128406.00 291020.00 39497.00 [+]
Car Production 134.00 112.70 187.00 18.20 Thousand Units [+]
Car Registrations 160180.00 128406.00 291020.00 39497.00 [+]
Leading Economic Index 0.60 1.40 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 5230.00 5790.00 6804.00 3130.00 Thousand Tonnes [+]
Mining Production 4.30 5.10 10.80 -7.70 percent [+]
Cement Production 3.01 2.29 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 54.60 54.10 58.30 44.70 [+]
Bankruptcies 3013.00 3447.00 3696.00 1103.00 Companies [+]
Corporate Profits 1264.50 13797.20 13797.20 -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 April of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
54.40 55.30 58.40 41.30 2010 - 2019 Index Points Monthly




Country Last Previous
Australia 44.80 Mar/19
Brazil 52.70 Mar/19
China 54.40 Mar/19
Euro Area 52.50 Apr/19
France 50.50 Apr/19
Germany 55.60 Apr/19
India 52.00 Mar/19
Italy 53.10 Mar/19
Japan 52.00 Mar/19
Russia 54.40 Mar/19
Spain 56.80 Mar/19
United Kingdom 48.90 Mar/19
United States 52.90 Apr/19


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