The IHS Markit Russia Manufacturing PMI declined to 46.9 in October 2020 from 48.9 in the previous month, pointing to the second straight month of contraction in the sector, as output and new orders dropped at the fastest pace since May. The decline in new orders was largely driven by domestic clients, however, as new export orders rose for the first time since December 2018. At the same time, employment fell at a solid rate in October amid ongoing signs of spare capacity across the sector. The rate of job shedding was faster than the series average despite easing from that seen in September. On the price front, input cost inflation accelerated to the fastest since August 2018, while output charge inflation accelerated to the fastest since February 2019. Finally, business sentiment weakened to a five-month low, amid pandemic uncertainty. source: Markit Economics
Manufacturing PMI in Russia averaged 49.93 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 November of 2020.
Manufacturing PMI in Russia is expected to be 50.70 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 52.50 in 12 months time. In the long-term, the Russia Manufacturing PMI is projected to trend around 51.00 points in 2021 and 52.00 points in 2022, according to our econometric models.