Russia PMI June 2018


Russia: Manufacturing PMI drops to nearly two-year low in June

July 2, 2018

Business conditions in Russia’s manufacturing sector continued to deteriorate in June. The manufacturing Purchasing Managers’ Index (PMI), produced by IHS Markit, fell from 49.8 in May to 49.5, the worst reading since July 2016. As a result, the PMI lies further below the 50-threshold that separates contraction from expansion in business activity in the sector.

According to IHS Markit, output growth fell and new orders dropped in June, leading to the decline in the index. Business sentiment also slipped to a six-month low, although still remained healthy overall. Regarding inflation, a weak ruble and higher oil prices caused price pressures to remain high in June.

FocusEconomics Consensus Forecast panelists project fixed investment will expand 2.9% in 2018, which is unchanged from last month’s forecast. In 2019, the panel expects fixed investment to grow 2.8%.


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Russia PMI Chart

Russia PMI Manufacturing June 2018

Note: IHS Markit Manufacturing Purchasing Managers’ Index (PMI). A reading above 50 indicates an expansion in business activity while a value below 50 points to a contraction.
Source: IHS Markit.

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