The IHS Markit Russia Composite PMI declined to 48.2 in August 2021 from 51.7 a month earlier, pointing to the first decline in Russian private sector business activity in 2021 and the lowest reading since last December, due to the decline in private sector new orders, with both domestic and foreign client demand weakening. Meanwhile, employment decreased, as backlogs of work across the manufacturing and service sectors fell sharply. On the price front, input cost inflation eased to a seven-month low, while output prices continued to rise. Lastly, business confidence weakened to the weakest since November 2020. source: Markit Economics
Composite PMI in Russia averaged 51.20 points from 2013 until 2021, reaching an all time high of 58.30 points in January of 2017 and a record low of 13.90 points in April of 2020. This page provides - Russia Composite Pmi- actual values, historical data, forecast, chart, statistics, economic calendar and news. Russia Composite PMI - values, historical data and charts - was last updated on September of 2021.
Composite PMI in Russia is expected to be 54.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Composite PMI in Russia to stand at 52.40 in 12 months time. In the long-term, the Russia Composite PMI is projected to trend around 52.10 points in 2022 and 52.90 points in 2023, according to our econometric models.