Russia Manufacturing PMIMay 2022 Data - 2011-2021 Historical - June Forecast

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.

The S&P Global Russia Manufacturing PMI increased to 48.2 in April 2022 from 44.1 in March. Still, the reading pointed to the third straight month of contraction in factory activity as output, new orders, employment, and stocks of purchases all fell. Output shrank at the second-fastest rate since May 2020, as new orders declined at the second-fastest since August 2020, as the impact of sanctions was felt and customer purchasing power was reduced by rising prices. Also, employment declined sharper than the series average, with backlogs of work contracting at a solid pace as new orders fell further. Meanwhile, input price inflation accelerated and was the second-steepest for over a year, due to an unfavourable exchange rate and material shortages. Also, the rise in selling prices was the steepest since January 2015. Finally, the sentiment was the second-lowest in the current sequence of positive sentiment than began in June 2020, amid sanctions and a drop in customer purchasing power.

The S&P Global Russia Manufacturing PMI tumbled to 44.1 in March 2022 from 48.6 in February. This was the second straight month of contraction in factory activity and the steepest pace since May 2020, dragged down by sharper decreases in production and new orders amid muted foreign and domestic client demand. Also, employment shrank the most in nearly two years while backlogs of works dropped at the fastest rate so far this year. At the same time, buying levels declined at the steepest pace since May 2020; while both pre-and post-production inventories were depleted, and at the sharpest rates since January 2009 and August 1999, respectively. On prices, input prices rose at a record pace due to higher supplier cost and unfavorable exchange rate. Meantime, the rise in selling prices were the steepest since the series began in January 2003. Finally, sentiment dropped to the lowest in 22 months.