The S&P Global Russia Manufacturing PMI increased to 50.8 in May 2022 from 48.2 in April. The reading pointed to the first expansion in factory activity since January, as both output and new orders declined at a softer pace, with exports orders fell at one of the fastest paces on record, due to largely to the effect of sanctions. Meanwhile, employment declined at a slower rate, with backlogs work decreasing only fractionally, amid some reports that material delivery delays held up the processing of incoming new orders. On the price front, input price inflation eased to the softest since July 2020, as some material prices fell. As, a result, the charge inflation slowed to the slowest since June 2020. Finally, the sentiment strengthened to a three-month high, amid hopes of greater client demand in the coming 12 months. However, the level of positive sentiment was below the series trend. 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 June of 2022.
Manufacturing PMI in Russia is expected to be 48.70 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.