The S&P Global Russia Services PMI declined to 45.9 in December 2022 from 48.3 in November. The reading pointed to the third straight month of contraction in the sector, amid a faster decline in both output and new orders, as domestic and foreign client demand deteriorated. Meanwhile, employment declined at the steepest pace since May, with backlogs of work decreasing sharply. On the pricing front, input cost inflation eased to a three-month low, while output cost inflation accelerated to the fastest pace since September, as firms sought to pass through higher costs to customers. Lastly, sentiment returned to a negative, amid global economic uncertainty and the impact of inflation on customer purchasing power. source: Markit Economics
Services PMI in Russia averaged 51.78 points from 2010 until 2022, reaching an all time high of 58.50 points in July of 2020 and a record low of 12.20 points in April of 2020. This page provides the latest reported value for - Russia Services PMI - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Russia Services PMI - data, historical chart, forecasts and calendar of releases - was last updated on February of 2023.
Services PMI in Russia is expected to be 48.50 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations.