The IHS Markit Russia Services PMI slipped to 52.0 in May 2019 from 52.6 in the previous month. It marked the slowest growth in services activity since May 2016, as new business growth eased to an 11-month low, while employment dropped for the first time since September last year, with backlogs of work continuing to fall. Meanwhile, new export orders grew for the eight straight month, amid greater access to new markets. On the price front, inflationary pressures eased further, as the effects of January's hike in VAT continue to peter out. Input price inflation eased for the fourth successive month, while output charges went up the least in five month. Finally, business confidence remained strongly optimistic despite reports of softer demand conditions. Services PMI in Russia is reported by Markit Economics.

Services PMI in Russia is expected to be 54.40 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 54.20 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 -2.00 7.00 -20.00 Index Points [+]
Manufacturing PMI 49.80 51.80 54.70 47.60 [+]
Services PMI 52.00 52.60 58.40 41.30 Index Points [+]
Industrial Production 0.90 4.60 17.70 -16.90 percent [+]
Industrial Production Mom -2.10 0.20 24.40 -26.10 percent [+]
Manufacturing Production -1.00 4.70 27.10 -28.10 percent [+]
Capacity Utilization 63.00 62.00 66.00 38.00 percent [+]
Changes in Inventories -586.50 1786.60 2129.00 -1206.50 RUB Billion [+]
Total Vehicle Sales 137624.00 148296.00 291020.00 39497.00 [+]
Car Production 147.50 136.90 187.00 18.20 Thousand Units [+]
Car Registrations 137624.00 148296.00 291020.00 39497.00 [+]
Leading Economic Index 0.20 1.70 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 5600.00 5790.00 6804.00 3130.00 Thousand Tonnes [+]
Mining Production 2.80 4.20 10.80 -7.70 percent [+]
Cement Production 4.94 4.01 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 51.50 53.00 58.30 44.70 [+]
Bankruptcies 3282.00 3020.00 3650.00 1103.00 Companies [+]
Corporate Profits 3861.20 2472.40 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 June of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
52.00 52.60 58.40 41.30 2010 - 2019 Index Points Monthly




Country Last Previous
Australia 52.50 May/19
Brazil 47.80 May/19
China 52.70 May/19
Euro Area 53.40 Jun/19
France 53.10 Jun/19
Germany 55.60 Jun/19
India 50.20 May/19
Italy 50.00 May/19
Japan 51.70 May/19
Russia 52.00 May/19
Spain 52.80 May/19
United Kingdom 51.00 May/19
United States 50.70 Jun/19


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