Russia PMI January 2018

Russia: Manufacturing sector continues to improve; services sector again moderates in January

Business conditions in Russia’s manufacturing sector continued to improve in January. The manufacturing Purchasing Managers’ Index (PMI), produced by IHS Markit, rose slightly from 52.0 in December to 52.1 in January, a six-month high. As a result, the PMI lies slightly further above the 50-threshold that separates expansion from contraction in business activity in the sector.

According to IHS Markit, strong growth in output was attributable to a faster rise in new orders, thanks to a slight increase in new business from abroad and new client demand. Meanwhile, employment levels fell in January, albeit marginally, and inflationary pressures remained historically low.

In contrast, activity in the services sector moderated. The Services Business Activity Index produced by IHS Markit eased from 56.8 in December to 55.1 in January. Despite the index dropping to a three-month low, the indicator remains firmly in expansionary territory.

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