Russia: Manufacturing PMI rises in September
October 2, 2017
Business activity in Russia’s manufacturing sector gained steam in September. The Manufacturing Purchasing Managers’ Index (PMI) produced by IHS Markit rose from 51.6 in August to 51.9. As a result, the PMI lies further above the 50-threshold that separates expansion from contraction in the sector.
The first rise in new exports orders since August 2013 boosted output and new business, driving September’s rise in the PMI. In addition, manufacturers added jobs for the first time in seven months. Regarding prices, the survey showed higher inflationary pressure, while stronger market conditions led business confidence to pick up to the highest level since May 2015.