Russia PMI February 2021

Russia: Manufacturing PMI jumps to near two-year high in February

The IHS Markit Russia Manufacturing PMI rose to 51.5 in February, from 50.9 in January, marking the best reading since April 2019. As a result, the index edged further above the critical 50-threshold, signaling a sturdier improvement in operating conditions across the Russian manufacturing sector.

February’s upturn was led by accelerating output and new orders growth. Production expanded at the fastest pace since August, chiefly thanks to stronger client demand at home, which more than offset the continued contraction in new export orders. On top of that, employment levels rose at the strongest pace in over two years in February, backlogs of work fell at a softer rate, while inventories continued to dwindle, thus further buoying the overall reading.

With regards to prices, supplier shortages and hikes in transportation costs pushed the input cost inflation to one of the highest levels since 2015. In response, manufacturers passed onto higher costs to consumer through a marked rise in output charges. Lastly, business sentiment jumped to an over one-year high on hopes of an end to the Covid-19 pandemic.

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