The IHS Markit Russia Manufacturing PMI fell to 46.5 in August of 2021 from 47.5 in the previous month, signaling a third successive monthly deterioration in operating conditions across the Russian manufacturing sector. The decline in the health of the sector was the strongest since November 2020 and solid overall. Driving the overall contraction were faster downturns in production and new orders, as domestic and foreign client demand weakened. As a result, pressure on capacity eased with backlogs of work falling solidly and employment contracting at the fastest pace since November 2020. Nevertheless, output expectations strengthened amid hopes of a pick-up in customer demand over the coming months. source: Markit Economics

Manufacturing PMI in Russia averaged 49.89 points from 2011 until 2021, 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 September of 2021.

Manufacturing PMI in Russia is expected to be 52.70 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 50.70 points in 2022 and 51.20 points in 2023, according to our econometric models.

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Russia Manufacturing PMI

Actual Previous Highest Lowest Dates Unit Frequency
46.50 47.50 54.70 31.30 2011 - 2021 points Monthly
SA


News Stream
Russia Manufacturing PMI Lowest since November 2020
The IHS Markit Russia Manufacturing PMI fell to 46.5 in August of 2021 from 47.5 in the previous month, signaling a third successive monthly deterioration in operating conditions across the Russian manufacturing sector. The decline in the health of the sector was the strongest since November 2020 and solid overall. Driving the overall contraction were faster downturns in production and new orders, as domestic and foreign client demand weakened. As a result, pressure on capacity eased with backlogs of work falling solidly and employment contracting at the fastest pace since November 2020. Nevertheless, output expectations strengthened amid hopes of a pick-up in customer demand over the coming months.
2021-09-01
Russia Manufacturing Sector Shrinks the Most in 8 Months
The IHS Markit Russia Manufacturing PMI dropped to 47.5 in July of 2021 from 49.2 in the previous month. The reading pointed to the second straight month of contraction in the sector and the steepest contraction since last November, as output contracted to the sharpest since May 2020 due to weak client demand and a drop in new sales, while new orders fell at the fastest pace since November 2020. New export orders also declined at the quickest rate in six months. At the same time, the rate of job shedding accelerated to the fastest since November 2020, amid reduced pressure on capacity. On the price front, the rates of input cost and output charge inflation eased, but were historically substantial amid strong global demand for inputs. Finally, business sentiment weakened to nine-month low.
2021-08-02
Russia Manufacturing Shrinks for 1st Time in 6 Months
The IHS Markit Russia Manufacturing PMI decreased to 49.2 in June of 2021 from 51.9 in the previous month, pointing to the first time contraction in the sector since last December, as output growth eased while new orders declined at the fastest pace since November 2020. New export orders also fell at the quickest rate in five months. At the same time, employment fell amid lower pressure on capacity. The decrease was the first round of job shedding in 2021 so far, but only modest overall. On the price front, input cost inflation accelerated with firms overwhelmingly linking this to input shortages and unfavourable exchange rate movements. As a result, output charge inflation eased. Finally, business sentiment improved.
2021-07-01
Russia Manufacturing PMI Rises to 26-Month High
The IHS Markit Russia Manufacturing PMI increased to 51.9 in May of 2021 from 50.4 in the previous month, pointing to the fifth straight month of expansion in the sector, and the strongest pace since March 2019, as output expanded to the fastest rate since February while new orders growth the sharpest since August 2020. New export orders also grew, bringing to an end a four-month sequence of decline, as companies suggested that the acquisition of new customers contributed to the upturn. At the same time, employment rose to the steepest pace since December 2018, despite a further strong fall in backlogs of work. On the price front, input cost inflation eased, with firms overwhelmingly linking this to input shortages. As a result, output charge inflation slowed, but at the second-quickest pace since February 2015. February 2015. Finally, business sentiment weakened to a four-month low, amid soaring input prices and pressure on margins.
2021-06-01

Russia Manufacturing PMI
The IHS Markit Russia 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.