The IHS Markit Russia Services PMI increased to 50.4 in July 2019 from 49.7 in the previous month, as new business returned to growth. New exports orders shrank for the first time since September 2018 while employment dropped at the fastest pace since February 2016, with backlogs of work continuing to fall and the fastest since February 2016. On the price front, input prices accelerated for first time since January's value added tax-driven spike and marking the sharpest in three months, while output price inflation also accelerated. Finally, business confidence towards the future increase amid more favourable demand conditions and the launch of new service lines. Services PMI in Russia is reported by Markit Economics.

Services PMI in Russia is expected to be 53.60 Index Points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Services PMI in Russia to stand at 53.80 in 12 months time. In the long-term, the Russia Services PMI is projected to trend around 54.50 Index Points in 2020, according to our econometric models.

Russia Services PMI
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Russia Business Last Previous Highest Lowest Unit
Business Confidence -1.00 -1.00 7.00 -20.00 Index Points [+]
Manufacturing PMI 49.30 48.60 54.70 47.60 [+]
Services PMI 50.40 49.70 58.40 41.30 Index Points [+]
Industrial Production 2.80 3.30 17.70 -16.90 percent [+]
Industrial Production Mom -0.70 2.30 24.40 -26.10 percent [+]
Manufacturing Production 2.80 3.40 27.10 -28.10 percent [+]
Capacity Utilization 64.00 64.00 66.00 38.00 percent [+]
Changes in Inventories 144.30 -586.50 2129.00 -1206.50 RUB Billion [+]
Total Vehicle Sales 139968.00 151180.00 291020.00 39497.00 [+]
Car Production 138.00 114.50 187.00 18.20 Thousand Units [+]
Car Registrations 139968.00 151180.00 291020.00 39497.00 [+]
Leading Economic Index 1.70 0.80 9.90 -11.80 percent [+]
Internet Speed 11846.17 11607.38 12288.46 1909.63 KBps [+]
IP Addresses 19163474.00 19200437.00 19200437.00 2137082.00 IP [+]
Steel Production 5875.00 5950.00 6804.00 3130.00 Thousand Tonnes [+]
Mining Production 3.00 2.30 10.80 -7.70 percent [+]
Cement Production 6.43 5.71 7.70 1.60 Millions of Tonnes [+]
Competitiveness Index 65.62 63.97 65.62 4.13 Points [+]
Competitiveness Rank 43.00 45.00 67.00 43.00 [+]
Composite Pmi 50.20 49.20 58.30 44.70 [+]
Bankruptcies 2927.00 3296.00 3650.00 1103.00 Companies [+]
Corporate Profits 6743.00 5454.50 13797.20 -224.00 RUB Billion [+]
Corruption Index 28.00 29.00 29.00 21.00 Points [+]
Corruption Rank 138.00 135.00 154.00 47.00 [+]
Ease of Doing Business 31.00 35.00 124.00 31.00 [+]


Russia Services PMI

The Markit Russia Services PMI is based on data compiled from monthly replies to questionnaires sent to purchasing executives in over 300 private service sector companies. The Index tracks variables such as sales, employment, inventories and prices. An index reading above 50 indicates an overall increase in that variable, below 50 an overall decrease. This page provides the latest reported value for - Russia Services PMI - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Russia Services PMI - actual data, historical chart and calendar of releases - was last updated on August of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
50.40 49.70 58.40 41.30 2010 - 2019 Index Points Monthly




Country Last Previous
Australia 43.90 Jul/19
Brazil 52.20 Jul/19
China 51.60 Jul/19
Euro Area 53.40 Aug/19
France 53.30 Aug/19
Germany 54.40 Aug/19
India 53.80 Jul/19
Italy 51.70 Jul/19
Japan 53.40 Aug/19
Russia 50.40 Jul/19
Spain 52.90 Jul/19
United Kingdom 51.40 Jul/19
United States 50.90 Aug/19


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