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.