The IHS Markit Russia Manufacturing PMI decreased to 49.2 in June of 2021 from 51.9 in the previous month, pointing to the first time contraction in the sector since last December, as output growth eased while new orders declined at the fastest pace since November 2020. New export orders also fell at the quickest rate in five months. At the same time, employment fell amid lower pressure on capacity. The decrease was the first round of job shedding in 2021 so far, but only modest overall. On the price front, input cost inflation accelerated with firms overwhelmingly linking this to input shortages and unfavourable exchange rate movements. As a result, output charge inflation eased. Finally, business sentiment
improved. source: Markit Economics
Manufacturing PMI in Russia averaged 49.94 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 July 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. Looking forward, we estimate Manufacturing PMI in Russia to stand at 51.00 in 12 months time. 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.