Russia PMI September 2021

Russia: Services PMI picks up in September

The IHS Markit Services Purchasing Managers’ Index (PMI) increased to 50.5 in September from August’s 49.3. Consequently, the index rose above the 50-threshold, signaling an improvement in business conditions from the previous month.

The improvement was chiefly driven by healthier demand conditions at home which reignited new orders growth, thus more than offsetting a downturn in external demand. Moreover, service providers registered a renewed rise in employment in September while business confidence rose to the highest level since May 2019. Less positively, price pressures intensified again at the end of Q3 amid rising fuel and supplier prices. Nevertheless, healthy demand conditions allowed services providers to pass part of the increased cost burdens to clients through price hikes.

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