Russia PMI


Russia: Manufacturing PMI falls slightly in October, suggest moderate growth

October 31, 2014

The Markit HSBC manufacturing Purchasing Managers Index (PMI) edged down from 50.4 in September to 50.3 in October. The PMI has lingered above the 50-threshold that separates contraction from expansion in business conditions for the fourth consecutive month.

According to Markit HSBC, September’s figure continues to indicate, “an improvement in overall business conditions at Russian manufacturers.” Manufacturing output continued to expand in October, although the pace of growth moderated. In addition, the survey showed that the underlying weakness in business conditions was mainly the result of a poor performance in data on backlogs, employment and purchasing. Regarding the evolution of prices, HSBC noted an increase in input prices, widely attributed by firms to the weakening of the exchange rate.

FocusEconomics Consensus Forecast panelists see fixed investment rising 0.1% in 2014, which is down 0.8 percentage points from the previous month’s estimate. For 2015, the panel expects fixed investment to increase 2.0%.


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Russia PMI Chart

Russia PMI Manufacturing October 2014

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

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