The IHS Markit Russia Services PMI increased to 52.1 in August 2019 from 50.4 in the prior month. This marked the second straight month of growth in the service sector and the fastest since April, with a faster increase in new orders driving the expansion. Also, external demand rebounded, despite signalling only a fractional upturn in new export orders. Meanwhile, employment fell for the fourth straight month, but only a marginal rate. Backlogs of work continued to decline, with the pace of drop was strong overall and faster than the series average. In terms of prices, input price inflation remained relatively subdued and softened to the slowest since March 2018. Nonetheless, firms increased selling prices at the fastest pace for three months. Lastly, sentiment dipped to the lowest since March as service providers expressed greater uncertainty towards the wider economy. Services PMI in Russia is reported by Markit Economics.

Services PMI in Russia is expected to be 53.60 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 53.80 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
width
height
 Preview
Forecast Data Chart
The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

API Features Documentation Interested? Click here to contact us

Russia Business Last Previous Highest Lowest Unit
Business Confidence -2.00 -1.00 7.00 -20.00 Index Points [+]
Manufacturing PMI 49.10 49.30 54.70 47.60 [+]
Services PMI 52.10 50.40 58.40 41.30 Index Points [+]
Industrial Production 2.90 2.80 17.70 -16.90 percent [+]
Industrial Production Mom 2.50 -0.70 24.40 -26.10 percent [+]
Manufacturing Production 2.70 2.80 27.10 -28.10 percent [+]
Capacity Utilization 64.00 64.00 66.00 38.00 percent [+]
Changes in Inventories 144.30 -586.50 2009.30 -1157.20 RUB Billion [+]
Total Vehicle Sales 145545.00 139968.00 291020.00 39497.00 [+]
Car Production 110.20 138.00 187.00 18.20 Thousand Units [+]
Car Registrations 145545.00 139968.00 291020.00 39497.00 [+]
Leading Economic Index 1.70 0.80 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 6200.00 5875.00 6804.00 3130.00 Thousand Tonnes [+]
Mining Production 3.10 3.00 10.80 -7.70 percent [+]
Cement Production 6.59 6.43 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 51.50 50.20 58.30 44.70 [+]
Bankruptcies 3088.00 2937.00 3697.00 1103.00 Companies [+]
Corporate Profits 8040.50 6743.00 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 September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
52.10 50.40 58.40 41.30 2010 - 2019 Index Points Monthly




Country Last Previous
Australia 51.40 Aug/19
Brazil 51.40 Aug/19
China 52.10 Aug/19
Euro Area 53.50 Aug/19
France 53.40 Aug/19
Germany 54.80 Aug/19
India 52.40 Aug/19
Italy 50.60 Aug/19
Japan 53.30 Aug/19
Russia 52.10 Aug/19
Spain 54.30 Aug/19
United Kingdom 50.60 Aug/19
United States 50.70 Aug/19


Related
Latest