Russian Federation Manufacturing PMI

Last Release

Jul 31, 2024

Actual

53.6

Units In

Points

54.9

Frequency

Monthly

Next Release

N/A

Time to Release

N/A

Highest	Lowest	Average	Date Range	Source
55.7 Mar 2024	31.3 Apr 2020	50.43 Points	2011-2024	Markit Economics

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.

Latest Updates

The S&P Global Russia Manufacturing PMI increased to 50.6 in October 2024 from 49.5 in September, signaling a marginal improvement in factory activity after a slight contraction a month earlier. The growth was driven by a softer contraction in output and new orders, with export orders rising the most since January 2008. Although new orders continued to fall, purchasing activity increased despite moderating from a month earlier to its slowest pace in over two years, while delivery times worsened to the smallest extent in three months. Employment advanced marginally after declining in the previous month, while backlogs of work increased. On prices, input cost accelerated amid exchange rate weakness and higher transportation costs. Meanwhile, output cost inflation accelerated to the strongest in a year as manufacturers passed through higher costs to customers. Finally, business sentiment improved to a three-month high amid planned investment in automation and new product development.