Russia Manufacturing PMI2011-2021 Data | 2022-2023 Forecast | Calendar | Historical

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.

The IHS Markit Russia Manufacturing PMI increased to 49.7 in December 2020 from 46.3 in the previous month, pointing to the fourth straight month of contraction in the sector, but the smallest contraction in the current sequence, due to slower contractions in production and new orders. Output shrank at the slowest pace in three months. Meanwhile, the decline in new orders was only fractional overall, as new export orders rose for the third month running. At the same time, the rate of job shedding also eased to the least since August, as output expectations strengthened amid hopes of greater clients demand over the coming year. On the price front, input cost inflation accelerated to the fastest for almost six years, while output charge inflation accelerated to the quickest since March 2015. Finally, business sentiment improved to the highest since August, amid hopes of the release of pent-up demand as 2021 progresses.

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.

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.