The IHS Markit Russia Manufacturing PMI edged up to 51.7 in November of 2021 from 51.6 in the previous month. This marked the second straight month of expansion in the manufacturing sector, as output growth accelerated to the fastest in six months, amid a faster rise in new orders. At the same time, employment increased to the steepest pace since December 2018, with backlogs of work falling at a solid pace. Input buying rose at a solid pace that was the fastest since March 2019. On the price front, cost inflation accelerated to a four-month high, due to a rise in supplier prices and raw material shortages. Meanwhile, output prices continued to rise at a sharp pace, but the rate of inflation softened. Finally, sentiment improved to the strongest in five months, amid hopes of a sustained uptick in customer orders. source: Markit Economics

Manufacturing PMI in Russia averaged 49.92 points from 2011 until 2021, reaching an all time high of 54.70 points in January of 2017 and a record low of 31.30 points in April of 2020. This page provides the latest reported value for - Russia Manufacturing PMI - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Russia Manufacturing PMI - data, historical chart, forecasts and calendar of releases - was last updated on December of 2021.

Manufacturing PMI in Russia is expected to be 52.90 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Russia Manufacturing PMI is projected to trend around 50.70 points in 2022 and 51.20 points in 2023, according to our econometric models.

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Russia Manufacturing PMI


Related Last Previous Unit Reference
Services PMI 47.10 48.80 points Nov/21
Manufacturing PMI 51.70 51.60 points Nov/21
Composite PMI 48.40 49.50 points Nov/21

News Stream
Russia Manufacturing Grows for 2nd Straight Month
The IHS Markit Russia Manufacturing PMI edged up to 51.7 in November of 2021 from 51.6 in the previous month. This marked the second straight month of expansion in the manufacturing sector, as output growth accelerated to the fastest in six months, amid a faster rise in new orders. At the same time, employment increased to the steepest pace since December 2018, with backlogs of work falling at a solid pace. Input buying rose at a solid pace that was the fastest since March 2019. On the price front, cost inflation accelerated to a four-month high, due to a rise in supplier prices and raw material shortages. Meanwhile, output prices continued to rise at a sharp pace, but the rate of inflation softened. Finally, sentiment improved to the strongest in five months, amid hopes of a sustained uptick in customer orders.
2021-12-01
Russia Manufacturing Sector Rebounds
The IHS Markit Russia Manufacturing PMI increased to 51.6 in October of 2021 from 49.8 in the previous month. This marked the first expansion in the manufacturing sector since May, as output growth accelerated to the fastest since May, amid a faster rise in new orders. At the same time, employment rose for the first time in five months, amid greater productions requirement. Meanwhile, backlogs of work declined but at the slowest since February, as demand for goods picked up. On the price front, cost inflation eased to the slowest since September 2020, while output prices continued to rise at a sharp pace. Finally, sentiment remained positive, amid hopes of greater demand and new product development.
2021-11-01
Russia Manufacturing Shrinks at Softer Pace
The IHS Markit Russia Manufacturing PMI increased to 49.8 in September of 2021 from 46.5 in the previous month, signaling a fourth successive monthly deterioration in operating conditions across the Russian manufacturing sector, but the least in the sequence, amid a renewed rise in output and client demand. Also, new orders grew, with new export orders shrank eased to a three-month low. Meanwhile, employment declined modestly, with backlogs of work falling solidly. On the price front, cost inflation eased to a 12-month low. Meanwhile, output prices increased at the slowest pace since October 2020, amid greater supplier prices and unfavorable exchange rate movements. Finally, sentiment was upbeat overall, however, as firms hoped for further upticks in client demand.
2021-10-01

Russia Manufacturing PMI
The IHS Markit Russia Manufacturing Purchasing Managers’ Index measures the performance of the manufacturing sector and is derived from a survey of 300 manufacturing companies. The Manufacturing Purchasing Managers Index is based on five individual indexes with the following weights: New Orders (30 percent), Output (25 percent), Employment (20 percent), Suppliers’ Delivery Times (15 percent) and Stock of Items Purchased (10 percent), with the Delivery Times index inverted so that it moves in a comparable direction. A reading above 50 indicates an expansion of the manufacturing sector compared to the previous month; below 50 represents a contraction; while 50 indicates no change.