Russia PMI August 2017

Russia

Russia: Manufacturing PMI falls in August

September 1, 2017

Business activity in Russia’s manufacturing sector lost steam in August. The Manufacturing Purchasing Managers’ Index (PMI) produced by IHS Markit fell from 52.7 in July to 51.6. As a result, the PMI lies closer to the 50-threshold that separates expansion from contraction in the sector.

Slower growth in output and new orders drove the downturn in the index in August. In addition, manufacturers shed jobs and business confidence fell to the lowest level since January 2016. Regarding prices, firms reported that price pressures increased largely due to fluctuations in the value of the ruble.

FocusEconomics Consensus Forecast panelists project Russia’s gross fixed investment to expand 2.5% in 2017, which is up 0.2 percentage points from last month’s forecast. Panelists expect the economy to expand 2.8% in 2018.


Author: Angela Bouzanis, Senior Economist

Sample Report

Looking for forecasts related to PMI in Russia? Download a sample report now.

Download

Russia PMI Chart


Russia PMI Manufacturing August 2017

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.


Russia Economic News

More news

Search form