Russian Federation Composite PMI

Last Release

Jul 31, 2024

Actual

51.9

Units In

Points

49.8

Frequency

Monthly

Next Release

N/A

Time to Release

N/A

Highest	Lowest	Average	Date Range	Source
58.3 Jan 2017	13.9 Apr 2020	51.31 Points	2013-2024	Markit Economics

In Russia, the Markit Russia Composite Output Index tracks business trends across private sector activity, based on data collected from a representative panel of around 300 companies. The index tracks variables such as sales, new orders, employment, inventories and prices. A reading above 50 indicates expansion in business activity and below 50 indicates that it is generally declining.

Latest Updates

The S&P Global Russia Composite PMI increased to 50.9 in October from a 21-month low of 49.4 in September, driven by faster growth in services output and a slower decline in manufacturing production. New order growth accelerated, owing to a further increase in services new business and only a fractional drop in manufacturing new business. Meanwhile, both manufacturers and service providers expanded their hiring numbers, while a decrease in outstanding business continued. On the cost side, quicker increases in both input costs and output charges signaled stronger inflation pressures. Greater staffing and supplier costs were reportedly passed on to customers, with upticks broad-based across sectors.