Russia Manufacturing PMI Rises to 8-Month High

EthereumCraftsman · 2026-02-02T06:20:18+00:00

In January 2026, the S&P Global Russia Manufacturing PMI rose slightly to 49.4, marking the mildest downturn in eight months. Despite declines in new orders and foreign sales, output contracted slowly. Employment fell sharply, and input cost inflation increased, leading to higher selling prices and weakened business sentiment.

EthereumCraftsman

2026-02-02 06:20:18

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The S&P Global Russia Manufacturing PMI rose to 49.4 in January 2026 from 48.1 in December 2025. This marked the eighth consecutive month of contraction, but the mildest downturn in the sequence, as new orders declined only marginally amid improving demand and inflows of small orders, while foreign sales fell slightly. Meanwhile, output contracted at the slowest pace in the current 11-month sequence, reflecting a less pronounced decline in new sales. Employment fell at the fastest rate since last June, while firms continued to deplete their backlogs of work. Input buying continued to decline, although the pace of contraction slowed to a marginal rate. On prices, input cost inflation accelerated due to higher costs following the recent VAT hike. As a result, selling prices rose as firms sought to pass on higher costs to customers. Finally, business sentiment weakened to its lowest level in nearly three-and-a-half years.

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