The IHS Markit Russia Services PMI declined to 55.2 in April 2021 from 55.8 in the previous month. The latest reading marked the fourth straight month of expansion in the sector as output continued to expand, while new orders growth accelerated to the steepest since August 2020. At the same time, new export orders advanced for the second straight month and the sharpest rate since May 2019. Also, employment rose at the quickest rate since February 2019. On the price front, input cost inflation eased to the slowest for three months, due to a rise in prices from the suppliers, and unfavourable exchange rate movements. Also, output charges inflation softened slightly but stayed closed to March’s 26-month high. Finally, business morale strengthened to the highest since May 2019, due to hopes stronger demand conditions and the development of new service lines. source: Markit Economics
Services PMI in Russia averaged 52.14 points from 2010 until 2021, reaching an all time high of 58.50 points in July of 2020 and a record low of 12.20 points in April of 2020. 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 - data, historical chart, forecasts and calendar of releases - was last updated on May of 2021.
Services PMI in Russia is expected to be 54.00 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 52.00 in 12 months time. In the long-term, the Russia Services PMI is projected to trend around 51.70 points in 2022 and 52.00 points in 2023, according to our econometric models.