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.

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Russia Manufacturing PMI



Related Last Previous Unit Reference
Services PMI 43.70 51.10 points Oct 2022
Manufacturing PMI 50.70 52.00 points Oct 2022
Composite PMI 45.80 51.50 points Oct 2022

Russia Manufacturing PMI
The S&P Global Manufacturing Purchasing Managers’ Index measures the performance of the manufacturing sector and is derived from a survey of 300 manufacturing companies. The Manufacturing Purchasing Managers Index is based on five individual indexes with the following weights: New Orders (30 percent), Output (25 percent), Employment (20 percent), Suppliers’ Delivery Times (15 percent) and Stock of Items Purchased (10 percent), with the Delivery Times index inverted so that it moves in a comparable direction. A reading above 50 indicates an expansion of the manufacturing sector compared to the previous month; below 50 represents a contraction; while 50 indicates no change.
Actual Previous Highest Lowest Dates Unit Frequency
50.70 52.00 54.70 31.30 2011 - 2022 points Monthly
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News Stream
Russian Manufacturing Growth at 3-Month Low
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.
2022-11-01
Russia Manufacturing PMI Rises to 3-1/2 Year High
The S&P Global Russia Manufacturing PMI climbed to 52.0 in September 2022 from 51.7 in August. The reading pointed to the fifth straight month of expansion in factory activity, and was the strongest growth since March 2019, supported by increases in production and new orders, as client demand picked up. Output growth strongest since February 2021, while new orders rose at a faster. Employment increased, as backlogs of work declined markedly. On the price front, input price inflation eased, due to reductions in some material and energy prices. Meanwhile, output prices fell slightly on lower costs to clients, where input prices had decreased. Finally, the sentiment improved to the highest since March 2019, amid greater new order inflows.
2022-10-03
Russia Manufacturing PMI Rises to 7-Month High
The S&P Global Russia Manufacturing PMI increased to 51.7 in August 2022 from 50.3 in July. The reading pointed to the fourth straight month of expansion in factory activity, and the strongest growth since January, as output grew at a faster pace, while new orders expanded at the fastest pace since April 2019, due to stronger demand conditions. Employment declined, as backlogs of work were reduced further and at a solid pace in a sign of excess capacity. On the price front, input price inflation slowed to the slowest rate since February 2020, due to a fall in prices of key raw materials, while output prices increased for the first time in three months, albeit only marginally. Finally, the sentiment weakened amid economic uncertainty.
2022-09-01