The IHS Markit Russia Manufacturing PMI rose to 36.2 in May 2020 from 31.3 in the previous month. The latest reading pointed to the thirteenth straight month of contraction in the sector and the second steepest decline since early 2009, amid the ongoing impact of the coronavirus pandemic. Output fell to the strongest for over 11 years and new orders dropped at the second fastest pace since December 2008. New export orders contracted the most since the depths of the global financial crisis. Meanwhile, employment declines markedly. On the price front, rates of input and output charge inflation accelerated as suppliers increased their charges and rouble weakness drove import prices. Finally, sentiment turned negative and slid to record low amid fears of a slow recovery.

Manufacturing PMI in Russia averaged 49.97 points from 2011 until 2020, 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 June of 2020. source: Markit Economics

Manufacturing PMI in Russia is expected to be 39.50 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Manufacturing PMI in Russia to stand at 48.70 in 12 months time. In the long-term, the Russia Manufacturing PMI is projected to trend around 50.50 points in 2021 and 52.00 points in 2022, according to our econometric models.

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Russia Manufacturing PMI

Actual Previous Highest Lowest Dates Unit Frequency
36.20 31.30 54.70 31.30 2011 - 2020 points Monthly
SA


News Stream
Russia Manufacturing PMI Second-Lowest Since 2009
The IHS Markit Russia Manufacturing PMI rose to 36.2 in May 2020 from 31.3 in the previous month. The latest reading pointed to the thirteenth straight month of contraction in the sector and the second steepest decline since early 2009, amid the ongoing impact of the coronavirus pandemic. Output fell to the strongest for over 11 years and new orders dropped at the second fastest pace since December 2008. New export orders contracted the most since the depths of the global financial crisis. Meanwhile, employment declines markedly. On the price front, rates of input and output charge inflation accelerated as suppliers increased their charges and rouble weakness drove import prices. Finally, sentiment turned negative and slid to record low amid fears of a slow recovery.
2020-06-01
Russia Manufacturing PMI Falls to Record Low
The IHS Markit Russia Manufacturing PMI tumbled to 31.3 in April 2020 from 47.5 in the previous month. The latest reading pointed to the twelfth straight month of contraction in the sector and the steepest since the series began in September 1997. Output and new orders declined at the fastest pace since the survey began due to the impact coronavirus pandemic. New export orders contracted at a record rate, with a number of firms stating that clients had cancelled or postponed orders since emergency public health measures were put in place. Meanwhile, employment numbers were reduced at the fastest pace since January 2009. On the price front, rates of input price and output charge inflation quickened. Cost burdens rose to the fastest since January 2019. Meanwhile, output charges continued to rise, as they partly passed on higher input prices to clients. Finally, sentiment declined to a series low, amid uncertainty towards the global economic outlook.
2020-04-30
Russia Manufacturing Shrinks the Most in 3 Months
The IHS Markit Russia Manufacturing PMI declined to 47.5 in March 2020 from 48.2 in the previous month. The latest reading was the eleventh straight month of contraction in the sector and the steepest since December last year. Output declined at the fastest pace since last November, due to the impact coronavirus pandemic. At the same time new order fell to the quickest for four months and the current sequence of contraction that began in June 2019. At the same time, new export orders dropped steeply. Meanwhile, empolyment was broadly unchanged. On the price front, rates of input price and output charge inflation quickened, as raw material shortages resulted in supplier prices hikes. Cost burdens rose to the fastest for a year. Meanwhile, output charges continued to rise, as they partly passed on higher input prices to clients. Finally, sentiment declined to a series low, amid uncertainty towards the global economic outlook, following the COVID-19 pandemic.
2020-04-01
Russia Manufacturing Shrinks the Least in 6 Months
The IHS Markit Russia Manufacturing PMI rose to 48.2 in February 2020 from 47.9 in the previous month. The latest reading was the tenth straight month of contraction in the sector but the softest since August last year. The rate of decline in new order eased to the slowest in seven months while that of output eased the most since August. At the same time, export sales fell at the slowest pace since July 2019. On the price front, input costs rose at the slowest pace since the current sequence of inflation began in February 2009. Meanwhile, output charges continued to rise, albeit to a historically subdued extent. Finally, sentiment reached an over two year low, despite firms highlighting hopes of an uptick in new orders and new product launches.
2020-03-02

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.