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.