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.

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Russia Manufacturing PMI

Actual Previous Highest Lowest Dates Unit Frequency
49.20 51.90 54.70 31.30 2011 - 2021 points Monthly
SA


News Stream
Russia Manufacturing Shrinks for 1st Time in 6 Months
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.
2021-07-01
Russia Manufacturing PMI Rises to 26-Month High
The IHS Markit Russia Manufacturing PMI increased to 51.9 in May of 2021 from 50.4 in the previous month, pointing to the fifth straight month of expansion in the sector, and the strongest pace since March 2019, as output expanded to the fastest rate since February while new orders growth the sharpest since August 2020. New export orders also grew, bringing to an end a four-month sequence of decline, as companies suggested that the acquisition of new customers contributed to the upturn. At the same time, employment rose to the steepest pace since December 2018, despite a further strong fall in backlogs of work. On the price front, input cost inflation eased, with firms overwhelmingly linking this to input shortages. As a result, output charge inflation slowed, but at the second-quickest pace since February 2015. February 2015. Finally, business sentiment weakened to a four-month low, amid soaring input prices and pressure on margins.
2021-06-01
Russia Manufacturing Sector Growth Eases in April
The IHS Markit Russia Manufacturing PMI declined to 50.4 in April of 2021 from 51.1 in the previous month, pointing to the fourth straight month of expansion in the sector, but the weakest pace in the current sequence, following softer output growth and a renewed decline in new orders. New export orders also declined, albeit at a softer pace than in March. At the same time, employment continued to rise at only a fractional pace in April, as backlogs of work and pressure on capacity remained muted. On the price front, input cost inflation accelerated, due to a faster rise in prices of raw materials and components, as supplier delivery delays and logistical issues weighed on vendor performance. As a result, output charge inflation accelerated to the fastest pace since February 2015. Finally, business sentiment ticked up to the highest since last January, due to new product development and hopes of an increase in client demand.
2021-05-04
Russia Manufacturing Growth Slows
The IHS Markit Russia Manufacturing PMI decreased to 51.1 in March of 2021 from 51.5 in the previous month, pointing to the third straight month of expansion in the sector, as both output and new order continued to grow. Meanwhile, new export orders continued to fall, with the rate of contraction softened from February's solid decline. At the same time, employment was unchanged, bringing to an end a two-month sequence of expansion. On the price front, input cost inflation eased to a five-month low, and it was well above the series trend. As a result, output charge inflation slowed slightly, but was nonetheless the second-sharpest for over six years. Finally, business sentiment was the second-highest since January 2020, amid hopes of uptick in client demand and planned investment.
2021-04-01

Russia Manufacturing PMI
The IHS Markit Russia Manufacturing Purchasing Managers’ Index measures the performance of the manufacturing sector and is derived from a survey of 300 manufacturing companies. The Manufacturing Purchasing Managers Index is based on five individual indexes with the following weights: New Orders (30 percent), Output (25 percent), Employment (20 percent), Suppliers’ Delivery Times (15 percent) and Stock of Items Purchased (10 percent), with the Delivery Times index inverted so that it moves in a comparable direction. A reading above 50 indicates an expansion of the manufacturing sector compared to the previous month; below 50 represents a contraction; while 50 indicates no change.