Russia PMI August 2018

Russia: Manufacturing PMI rises in August but remains in contractionary territory

Business conditions in Russia’s manufacturing sector improved somewhat in August. The manufacturing Purchasing Managers’ Index (PMI), produced by IHS Markit, rose from 48.1 in July to 48.9. Despite the rise, the PMI lies below the 50-threshold that separates contraction from expansion in business activity in the sector.

According to IHS Markit, improvements in output and new orders led to the modest uptick in the PMI, although both categories still posted contractions overall. In addition, the rate of job shedding eased in August. Regarding inflation, a weak ruble and higher commodity prices caused price pressures to rise in August. On a bright note, business confidence improved in the month.

Russia Fixed Investment Forecast

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