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. source: Markit Economics
Manufacturing PMI in Russia averaged 49.93 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 May of 2021.
Manufacturing PMI in Russia is expected to be 52.40 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 52.50 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.