The S&P Global Russia Manufacturing PMI decreased to 52.1 in July 2023 from 52.6 in June, pointing to the weakest growth in the sector since last October, as output grew softer while new orders expanded the least since October 2022, with export orders returning to contraction. Purchasing activity rose the least in three months but faster than the long-run series average. At the same time, delivery times lengthened to a greater extent. Meanwhile, employment increased solidly, helping drive down backlogs of work at a faster rate. On the price front, input cost inflation accelerated to the fastest since April 2022 as worsening supplier delays and the depreciation of the rubel pushed up prices. Meanwhile, selling prices increased at the fastest rate in 15 months. Finally, business confidence improved amid hopes of further improvements in the months ahead. source: Markit Economics

Manufacturing PMI in Russia averaged 50.12 points from 2011 until 2023, 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 August of 2023.

Manufacturing PMI in Russia is expected to be 50.30 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 53.40 points in 2024 and 52.50 points in 2025, according to our econometric models.

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Russia Manufacturing PMI



Related Last Previous Unit Reference
Manufacturing PMI 52.10 52.60 points Jul 2023
Services PMI 54.00 56.80 points Jul 2023
Composite PMI 53.30 55.80 points Jul 2023

Russia Manufacturing PMI
The S&P Global 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.
Actual Previous Highest Lowest Dates Unit Frequency
52.10 52.60 54.70 31.30 2011 - 2023 points Monthly
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News Stream
Russia Manufacturing PMI Falls to 9-Month Low
The S&P Global Russia Manufacturing PMI decreased to 52.1 in July 2023 from 52.6 in June, pointing to the weakest growth in the sector since last October, as output grew softer while new orders expanded the least since October 2022, with export orders returning to contraction. Purchasing activity rose the least in three months but faster than the long-run series average. At the same time, delivery times lengthened to a greater extent. Meanwhile, employment increased solidly, helping drive down backlogs of work at a faster rate. On the price front, input cost inflation accelerated to the fastest since April 2022 as worsening supplier delays and the depreciation of the rubel pushed up prices. Meanwhile, selling prices increased at the fastest rate in 15 months. Finally, business confidence improved amid hopes of further improvements in the months ahead.
2023-08-01
Russia Factory Activity Growth Eases in June
The S&P Global Russia Manufacturing PMI declined to 52.6 in June 2023 from May’s three-month high of 53.5 following softer expansions in output and new orders. The latest reading marked the 14th month of increase in factory activity, as production grew for the eleventh successive month due to faster new orders inflows and new client wins, supported by sustained improvements in domestic and foreign demand. Meanwhile, employment rose to the softest since last November from May's 22-and-a-half year-high, with backlogs of work continuing to decline. Delivery times lengthened to a greater extent while buying levels advanced the most since February 2008. On the price front, input cost inflation rose at the second-sharpest pace since April 2022 as worsening supplier delays pushed up prices. Meanwhile, selling prices increased at the fastest rate in over a year. Finally, business confidence remained upbeat amid hopes of stronger client demand and expansion into new export markets.
2023-07-03
Russia Manufacturing Growth Accelerates
The S&P Global Russia Manufacturing PMI was up to 53.5 in May 2023 from 52.6 in April, pointing to the highest print in three months. The latest result also marked the 13th month of increase in factory activity, as output rose the most since March 2019, while new orders accelerated and were among the sharpest in over 4 years. Also, employment rose at the steepest rate since November 2020, while the level of work-in-hand fell at the quickest pace since October 2022. Moreover, buying levels went up the most in 4 months while pre-production inventories were depleted as delivery delays were extended further. Meantime, export orders dropped after a slight rise in April. On the price front, input cost inflation rose further due to supplier prices and unfavorable exchange rates. Meantime, selling prices rose at a slower rate, on efforts to boost sales. Finally, confidence stayed upbeat despite the reading softening from April, linked to investment in new products and hopes of further demand.
2023-06-01