The IHS Markit Russia Services PMI went down to 49.7 in June 2019 from 52.0 in the previous month. The latest reading pointed to the first contraction in services activity since January 2016, as new orders shrank for the first time since early 2016 while employment dropped at the fastest pace since April 2016, with backlogs of work continuing to fall. Meantime, new export orders grew for the ninth straight month, albeit at only a marginal rate. On the price front, input prices rose at a slowest pace since Mach 2018, due to higher raw material prices, especially for fuel and food, while output price inflation also slowed to softest rate since September last year. Finally, business confidence expectations dipped to a three-month low amid less favourable demand conditions and weaker client purchasing power. Services PMI in Russia is reported by Markit Economics.

Services PMI in Russia is expected to be 53.60 Index Points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Services PMI in Russia to stand at 53.80 in 12 months time. In the long-term, the Russia Services PMI is projected to trend around 54.50 Index Points in 2020, according to our econometric models.

Russia Services PMI
width
height
Forecast Data Chart
The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.


Russia Business Last Previous Highest Lowest Unit
Business Confidence -1.00 -1.00 7.00 -20.00 Index Points [+]
Manufacturing PMI 48.60 49.80 54.70 47.60 [+]
Services PMI 49.70 52.00 58.40 41.30 Index Points [+]
Industrial Production 3.30 0.90 17.70 -16.90 percent [+]
Industrial Production Mom 2.30 -2.10 24.40 -26.10 percent [+]
Manufacturing Production 3.40 -1.00 27.10 -28.10 percent [+]
Capacity Utilization 64.00 64.00 66.00 38.00 percent [+]
Changes in Inventories 144.30 -586.50 2129.00 -1206.50 RUB Billion [+]
Total Vehicle Sales 151180.00 137624.00 291020.00 39497.00 [+]
Car Production 147.50 136.90 187.00 18.20 Thousand Units [+]
Car Registrations 151180.00 137624.00 291020.00 39497.00 [+]
Leading Economic Index 0.70 0.10 9.90 -11.80 percent [+]
Internet Speed 11846.17 11607.38 12288.46 1909.63 KBps [+]
IP Addresses 19163474.00 19200437.00 19200437.00 2137082.00 IP [+]
Steel Production 5950.00 5600.00 6804.00 3130.00 Thousand Tonnes [+]
Mining Production 2.30 2.80 10.80 -7.70 percent [+]
Cement Production 4.94 4.01 7.70 1.60 Millions of Tonnes [+]
Competitiveness Index 65.62 63.97 65.62 4.13 Points [+]
Competitiveness Rank 43.00 45.00 67.00 43.00 [+]
Composite Pmi 49.20 51.50 58.30 44.70 [+]
Bankruptcies 2927.00 3296.00 3650.00 1103.00 Companies [+]
Corporate Profits 5454.50 3861.20 13797.20 -224.00 RUB Billion [+]
Corruption Index 28.00 29.00 29.00 21.00 Points [+]
Corruption Rank 138.00 135.00 154.00 47.00 [+]
Ease of Doing Business 31.00 35.00 124.00 31.00 [+]


Russia Services PMI

The Markit Russia Services PMI is based on data compiled from monthly replies to questionnaires sent to purchasing executives in over 300 private service sector companies. The Index tracks variables such as sales, employment, inventories and prices. An index reading above 50 indicates an overall increase in that variable, below 50 an overall decrease. This page provides the latest reported value for - Russia Services PMI - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Russia Services PMI - actual data, historical chart and calendar of releases - was last updated on July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
49.70 52.00 58.40 41.30 2010 - 2019 Index Points Monthly




Country Last Previous
Australia 52.20 Jun/19
Brazil 48.20 Jun/19
China 52.00 Jun/19
Euro Area 53.60 Jun/19
France 52.90 Jun/19
Germany 55.80 Jun/19
India 49.60 Jun/19
Italy 50.50 Jun/19
Japan 51.90 Jun/19
Russia 49.70 Jun/19
Spain 53.60 Jun/19
United Kingdom 50.20 Jun/19
United States 51.50 Jun/19


Related

Latest