The IHS Markit Russia Manufacturing PMI increased to 50.9 in January of 2021 from 49.7 in the previous month, pointing to the first time expansion in the sector in five months, as output and new orders returned to expansion. Output grew for the first time since last September, while new orders rose marginally, with the rate of growth was the fastest since August 2020. By contrast, new export orders contracted markedly and at the sharpest rate since last May. At the same time, employment rose for first time in 18 months. The rate of job creation was among quickest seen over the past two years. On the price front, input cost inflation eased, but it was among the sharpest for six years. As a result output charge inflation accelerated to the second-fastest since February. Finally, business sentiment remained upbeat, due to hopes of an end to the coronavirus pandemic. source: Markit Economics
Manufacturing PMI in Russia averaged 49.90 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 February of 2021.
Manufacturing PMI in Russia is expected to be 51.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Manufacturing PMI in Russia to stand at 51.00 in 12 months time. In the long-term, the Russia Manufacturing PMI is projected to trend around 52.00 points in 2022, according to our econometric models.