Russia PMI September 2017

Russia

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.

FocusEconomics Consensus Forecast panelists project Russia’s fixed investment to expand 2.8% in 2017, which is up 0.3 percentage points from last month’s forecast. Panelists expect the economy to expand 3.0% in 2018.


Author: Angela Bouzanis, Senior Economist

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Russia PMI Manufacturing September 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.


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