The S&P Global Russia Manufacturing PMI declined to 50.7 in October 2022 from 52.0 in the prior month. This was the sixth straight month of growth in factory activity but the softest pace since July, with new orders rising the least in four months and output expanding slightly. Meantime, foreign orders declined sharply, due to limitations on international trading partners following sanctions, while employment shrank for the seventh time in the last nine months. However, backlogs of work fell at the fastest pace since June 2021 with post-production inventories increasing for the first time since May 2019. Lead times lengthened to the greatest extent since July, but buying activity went up at the steepest rate since August 2017. On the cost side, output price inflation accelerated, while output charges were broadly unchanged. Finally, sentiment was at the second-highest since April 2019 amid hopes of greater client demand and investment in product development. source: Markit Economics
Manufacturing PMI in Russia averaged 49.93 points from 2011 until 2022, 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 November of 2022.
Manufacturing PMI in Russia is expected to be 50.50 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Russia Manufacturing PMI is projected to trend around 50.10 points in 2023 and 50.00 points in 2024, according to our econometric models.