Russian Federation Composite PMI

Last Release

Jul 31, 2024

Actual

51.9

Units In

Points

49.8

Frequency

Monthly

Next Release

Oct 03, 2024

Time to Release

27 Days 2 Hours

Highest	Lowest	Average	Date Range	Source
58.3 Jan 2017	13.9 Apr 2020	51.31 Points	2013-2024	Markit Economics

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.

Latest Updates

The S&P Global Russia Composite PMI was up to 52.1 in August 2024 from 51.9 in July, pointing to the highest reading since March. It was also the seventh time of increase year to date in private sector activity, mainly supported by the strongest growth in seven months for the services sector. A faster rise in new orders supported output growth, with the increase in new sales broad-based by sector. Although goods producers saw a weaker pace of growth, service providers registered a steeper upturn. Meanwhile, rising employment helped firms work through their backlogs. That said, delivery delays hampered manufacturers who saw a renewed increase in work-in-hand. On the price front, cost pressures eased notably from July as goods producers and service providers recorded slower increases in input prices. Output charges also rose at a softer pace, albeit one that was slightly below the series average.