The IHS Markit Russia Manufacturing PMI increased to 51.1 in August 2020 from 48.4 in the previous month. The latest reading pointed to the first monthly expansion in factory activity since April of 2019, amid a faster upturn in output and a renewed rise in new orders. Meanwhile, employment declined at the slowest pace for a year, as the rate of contraction in backlogs of work also softened. New export orders continued to contract in July, albeit at the slowest pace since May 2019. On the price front, rates of input cost accelerated to the fastest in four months, as greater supplier costs and unfavourable exchange rate, while output charge inflation accelerated to the fastest in three months. Finally, sentiment dipped slightly, but the degree of optimism remained solid, due to hopes of an uptick in client demand and an economic 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 September of 2020. source: Markit Economics
Manufacturing PMI in Russia is expected to be 43.80 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 49.20 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.