Russia

Russia PMI March 2019

Russia: Manufacturing PMI rises to over-two year high in March

The manufacturing Purchasing Managers’ Index (PMI) produced by IHS Markit jumped from 50.1 in February to 52.8 in March, the best reading since January 2017. As a result, the index rose further above the critical 50-point mark separating expansion from contraction in activity in the manufacturing sector.

March’s result reflected solid growth in both new orders and output, in large part due to stronger domestic demand. Orders from abroad, conversely, fell for the third month in a row. Optimism among Russian manufacturers also rose in March, hitting the highest level ever recorded since the series began in April 2012. Regarding inflation, prices pressures grew notably amid higher input costs and the recent hike in VAT.

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