The IHS Markit Russia Services PMI increased to 50.5 in September 2021 from 49.3 in the previous month, indicating a renewed expansion in Russian service sector business activity, supported by stronger domestic client demand, as new sales increased at a faster pace despite a return to contraction in new export orders. Meanwhile, output grew marginally. At the same time, employment rose, despite the rate of job creation was only fractional overall. On the price front, input cost inflation accelerated to a four-month high, due to a rise in greater supplier and fuel costs. Meanwhile, the pace of charge inflation was the steepest for three months and sharp overall. Finally, business morale strongest since May 2019, amid hopes of stronger demand over the coming months. source: Markit Economics

Services PMI in Russia averaged 52.19 points from 2010 until 2021, 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. Russia Services PMI - data, historical chart, forecasts and calendar of releases - was last updated on October of 2021.

Services PMI in Russia is expected to be 51.00 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 51.70 points in 2022 and 52.00 points in 2023, according to our econometric models.

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Russia Services PMI


News Stream
Russia Services Sector Returns to Growth
The IHS Markit Russia Services PMI increased to 50.5 in September 2021 from 49.3 in the previous month, indicating a renewed expansion in Russian service sector business activity, supported by stronger domestic client demand, as new sales increased at a faster pace despite a return to contraction in new export orders. Meanwhile, output grew marginally. At the same time, employment rose, despite the rate of job creation was only fractional overall. On the price front, input cost inflation accelerated to a four-month high, due to a rise in greater supplier and fuel costs. Meanwhile, the pace of charge inflation was the steepest for three months and sharp overall. Finally, business morale strongest since May 2019, amid hopes of stronger demand over the coming months.
2021-10-05
Russia Services Activity Shrinks for 1st Time in 8 Months
The IHS Markit Russia Services PMI decreased to 49.3 in August 2021 from 53.6 in the previous month. The latest reading marked the first contraction in the sector since last December, as output declined for the first time in 2021, while new orders growth eased for the third month running from May's recent high and was the slowest in the current eight-month sequence. Meanwhile, new export orders returned to growth. At the same time, employment fell for the first time since January, as backlogs of work fell sharply. On the price front, input cost inflation eased to a seven-month low, while output cost inflation slowed to a six-month low. Finally, business morale deteriorated to a nine-month low, amid concerns regarding inflation and future demand.
2021-09-03
Russia Services Activity Grows the Least in 5 Months
The IHS Markit Russia Services PMI decreased to 53.5 in July 2021 from 56.5 in the previous month. The latest reading marked the seventh straight month of expansion in the sector, but the weakest expansion since February, as both output and new orders growth eased to the slowest in five months. At the same time, new export orders contracting for the first time in five months. Also, the rate of job creation eased to only a modest pace that was the slowest since March, as backlogs of work fell at the quickest pace since November 2020. On the price front, input cost inflation slowed to the softest in six months, while output charges inflation eased to the slowest since April. Finally, business morale deteriorated to the weakest in 2021.
2021-08-04

Russia Last Unit Reference Previous Highest Lowest
Services PMI 50.50 points Sep/21 49.30 58.50 12.20
Manufacturing PMI 49.80 points Sep/21 46.50 54.70 31.30
Composite PMI 50.50 points Sep/21 49.20 58.30 13.90


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.