The S&P Global Russia Manufacturing PMI inched up to 50.9 in June 2022 from 50.8 in May. The reading pointed to the second straight month of expansion in factory activity, as new orders returned to growth, boosted by greater domestic demand and the agreement of new projects. Meanwhile, output continued to decline amid a sharp further steep fall in exports and shortages of raw materials. Employment rose for the first time in five months, as firms stepped up their hiring activity. On the price front, input price inflation eased to the slowest since February 2020, while output prices fell for the first time since March 2017. Finally, the sentiment strengthened to a four-month high, amid hopes of greater client demand and a stabilisation in economic conditions. source: Markit Economics
Manufacturing PMI in Russia averaged 49.89 points from 2011 until 2022, 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 July of 2022.
Manufacturing PMI in Russia is expected to be 47.20 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 50.10 points in 2023 and 50.00 points in 2024, according to our econometric models.