The S&P Global Russia Services PMI rose to 49.0 in July 2026 from 48.2 in June, but remained below the 50.0 threshold, signaling a fourth consecutive month of contraction. The latest reading marked the softest contraction in three months, as the decline in business activity eased amid a slower fall in new business inflows. Demand conditions remained weak, with firms citing subdued demand and lower customer purchasing power weighing on sales. New orders fell for the fourth straight month, although the pace of decline eased to the weakest since April. Employment declined for the sixth consecutive month as firms reduced staffing levels, though the pace of job shedding softened from June. On the price front, input cost inflation accelerated due to fuel shortages and higher transportation costs, prompting firms to raise output charges faster. Lastly, business confidence improved to a three-month high on hopes of stronger demand and investment, but remained below its long-run average. source: S&P Global

Services PMI in Russia increased to 49 points in July from 48.20 points in June of 2026. Services PMI in Russia averaged 51.80 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 increased to 49 points in July from 48.20 points in June of 2026. Services PMI in Russia is expected to be 49.00 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 52.20 points in 2027 and 52.50 points in 2028, according to our econometric models.



Related Last Previous Unit Reference
Business Confidence -1.20 -2.10 points Jul 2026
Capacity Utilization 62.00 62.00 percent Jul 2026
Car Production 77.90 51.60 Thousand Units Jun 2026
Changes in Inventories 1604.40 1248.10 RUB Billion Mar 2026
Corporate Profits 11300.00 8850.00 RUB Billion May 2026
Corruption Index 22.00 22.00 Points Dec 2025
Corruption Rank 157.00 154.00 Dec 2025
Industrial Production YoY 0.60 -0.70 percent Jun 2026
Industrial Production Mom -0.70 -1.60 percent Jun 2026
Manufacturing Production 2.60 0.50 percent Jun 2026
Mining Production -2.40 -2.70 percent Jun 2026
Steel Production 5600.00 5600.00 Thousand Tonnes Jun 2026
Vehicle Sales YoY 124416.00 110669.00 Units Jun 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 Contraction Eases in July
The S&P Global Russia Services PMI rose to 49.0 in July 2026 from 48.2 in June, but remained below the 50.0 threshold, signaling a fourth consecutive month of contraction. The latest reading marked the softest contraction in three months, as the decline in business activity eased amid a slower fall in new business inflows. Demand conditions remained weak, with firms citing subdued demand and lower customer purchasing power weighing on sales. New orders fell for the fourth straight month, although the pace of decline eased to the weakest since April. Employment declined for the sixth consecutive month as firms reduced staffing levels, though the pace of job shedding softened from June. On the price front, input cost inflation accelerated due to fuel shortages and higher transportation costs, prompting firms to raise output charges faster. Lastly, business confidence improved to a three-month high on hopes of stronger demand and investment, but remained below its long-run average.
2026-08-05
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