The IHS Markit Russia Composite PMI decreased to 54.0 in April 2021 from 54.6 a month earlier, signaling a solid upturn in private sector business activity. The rate of growth was the second-fastest since August 2020. Contributing to the upturn in output was a stronger increase in new orders received by services sector companies. Meantime, new exports order dropped further. At the same time, job creation accelerated to the fastest pace since February 2019. Meanwhile, backlogs continued to contract solidly. On the price front, input price inflation slowed to the softest for three months, while output prices inflation accelerated to the fastest pace since January 2019. Lastly, business confidence improved to the strongest since May 2019. source: Markit Economics
Composite PMI in Russia averaged 51.20 points from 2013 until 2021, reaching an all time high of 58.30 points in January of 2017 and a record low of 13.90 points in April of 2020. This page provides - Russia Composite Pmi- actual values, historical data, forecast, chart, statistics, economic calendar and news. Russia Composite PMI - values, historical data and charts - was last updated on May of 2021.
Composite PMI in Russia is expected to be 53.20 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Composite PMI in Russia to stand at 53.20 in 12 months time. In the long-term, the Russia Composite PMI is projected to trend around 52.10 points in 2022 and 52.90 points in 2023, according to our econometric models.