Russia

Russia PMI May 2018

Russia: Manufacturing PMI drops into contractionary territory in May

Business conditions in Russia’s manufacturing sector deteriorated notably in May. The manufacturing Purchasing Managers’ Index (PMI), produced by IHS Markit, fell from 51.3 in April to 49.8 in May, the worst reading since July 2016. As a result, the PMI lies below the 50-threshold that separates contraction from expansion in business activity in the sector.

According to IHS Markit, growth in new orders and output lost pace in May, while employment and stocks of purchases fell driving the decline in the index. Business sentiment also slipped, although still remained healthy overall. Regarding inflation, a weak ruble caused price pressures to remain high in May, recording the second-highest rise charge inflation seen in the nearly two years.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest