Russia PMI June 2023

Russia: Services PMI rises in June

The S&P Global Russia Services PMI Business Activity Index rose to 56.8 in June from May’s 54.3. As such, the index moved further above the 50.0 no-change threshold, signaling a faster improvement in services sector operating conditions compared to the previous month.

The upturn was fueled by faster new orders growth, thanks to improving demand conditions at home and abroad. To satisfy growing consumer appetite, services providers accelerated hiring, with job creation hitting the highest in over a decade. On the price front, both input costs and output charges rose at a faster pace, with many firms passing higher costs through to customers. Lastly, business confidence rose further in June.

Meanwhile, the S&P Global Composite Output Index PMI rose to 55.8 in July, from 54.4 in May.

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