The IHS Markit Russia Composite PMI rose to 50.2 in December 2021 from 48.4 in the prior month. This was the highest reading since September, driven by a further expansion in manufacturing production, while the drag from the falling service sector eased. New orders remained in contraction, with the rate of fall being the second-fastest in over a year as demand was weighed down by COVID-19 curbs. Export sales slipped back into decline, although the rate of contraction was softer than those seen earlier in the year. Meantime, backlogs of work fell at the fastest pace since August, amid a renewed fall in employment on the service sector. On the cost side, input price inflation hit its highest since May. That said, that pace of charge inflation was broadly in line with that seen in November. Finally, sentiment weakened to its lowest since October 2020, reflecting pandemic uncertainty and weak demand conditions. source: Markit Economics

Composite PMI in Russia averaged 51.27 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 - data, historical chart, forecasts and calendar of releases - was last updated on January of 2022.

Composite PMI in Russia is expected to be 47.20 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. 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.

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Russia Composite PMI

Russia Composite PMI
In Russia, the Markit Russia Composite Output Index tracks business trends across private sector activity, based on data collected from a representative panel of around 300 companies. The index tracks variables such as sales, new orders, employment, inventories and prices. A reading above 50 indicates expansion in business activity and below 50 indicates that it is generally declining.
Actual Previous Highest Lowest Dates Unit Frequency
50.20 48.40 58.30 13.90 2013 - 2021 points Monthly

Related Last Previous Unit Reference
Services PMI 49.50 47.10 points Dec/21
Manufacturing PMI 51.60 51.70 points Dec/21
Composite PMI 50.20 48.40 points Dec/21