The IHS Markit Russia Manufacturing PMI declined to 46.3 in November 2020 from 46.9 in the previous month, pointing to the third straight month of contraction in the sector, as output dropped at a faster pace, while new orders fell at a the fastest pace for six months. The decline in new orders was largely driven by domestic clients, however, as new export orders rose at the quickest rate since December 2018. At the same time, employment continued to decline, with the rate of job shedding was strong overall and fastest for four months. On the price front, input cost inflation accelerated to the fastest since February 2015, while output charge inflation accelerated to the quickest since February 2019. Finally, business sentiment improved slightly, as firms noted hopes of a return to more substantial demand over the coming year. source: Markit Economics

Manufacturing PMI in Russia averaged 49.90 points from 2011 until 2020, 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 December of 2020.

Manufacturing PMI in Russia is expected to be 50.70 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 52.50 in 12 months time. In the long-term, the Russia Manufacturing PMI is projected to trend around 51.00 points in 2021 and 52.00 points in 2022, according to our econometric models.

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Russia Manufacturing PMI

Actual Previous Highest Lowest Dates Unit Frequency
46.30 46.90 54.70 31.30 2011 - 2020 points Monthly
SA


News Stream
Russia Factory Activity Shrinks for 3rd Month
The IHS Markit Russia Manufacturing PMI declined to 46.3 in November 2020 from 46.9 in the previous month, pointing to the third straight month of contraction in the sector, as output dropped at a faster pace, while new orders fell at a the fastest pace for six months. The decline in new orders was largely driven by domestic clients, however, as new export orders rose at the quickest rate since December 2018. At the same time, employment continued to decline, with the rate of job shedding was strong overall and fastest for four months. On the price front, input cost inflation accelerated to the fastest since February 2015, while output charge inflation accelerated to the quickest since February 2019. Finally, business sentiment improved slightly, as firms noted hopes of a return to more substantial demand over the coming year.
2020-12-01
Russia Manufacturing PMI Falls to 5-Month Low
The IHS Markit Russia Manufacturing PMI declined to 46.9 in October 2020 from 48.9 in the previous month, pointing to the second straight month of contraction in the sector, as output and new orders dropped at the fastest pace since May. The decline in new orders was largely driven by domestic clients, however, as new export orders rose for the first time since December 2018. At the same time, employment fell at a solid rate in October amid ongoing signs of spare capacity across the sector. The rate of job shedding was faster than the series average despite easing from that seen in September. On the price front, input cost inflation accelerated to the fastest since August 2018, while output charge inflation accelerated to the fastest since February 2019. Finally, business sentiment weakened to a five-month low, amid pandemic uncertainty.
2020-11-02
Russia Manufacturing Activity Shrinks Again
The IHS Markit Russia Manufacturing PMI declined to 48.9 in September 2020 from 51.1 in the previous month. The renewed contraction as driven by a drop in new orders, as client demand weakened. The rate of contraction was solid overall and the fastest since June. Meantime, output increased to the second fastest since April 2019, as firms resumed operations following the loosening of restriction measures. At the same time, employment fell further amid lower new order inflows. On the price front, the rate of output charge inflation was solid overall and the fastest for four months while input costs inflation slowed slightly. Finally, sentiment moderated to the softest for four months and below the series average, however, as muted new order inflows weighed on sentiment.
2020-10-01
Russia Manufacturing Sector Returns to Growth
The IHS Markit Russia Manufacturing PMI increased to 51.1 in August 2020 from 48.4 in the previous month. The latest reading pointed to the first monthly expansion in factory activity since April of 2019, amid a faster upturn in output and a renewed rise in new orders. Meanwhile, employment declined at the slowest pace for a year, as the rate of contraction in backlogs of work also softened. New export orders continued to contract in July, albeit at the slowest pace since May 2019. On the price front, rates of input cost accelerated to the fastest in four months, as greater supplier costs and unfavourable exchange rate, while output charge inflation accelerated to the fastest in three months. Finally, sentiment dipped slightly, but the degree of optimism remained solid, due to hopes of an uptick in client demand and an economic recovery.
2020-09-01

Russia Manufacturing PMI
The IHS Markit Russia 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.