Fédération de Russie Pmi Composite

The S&P Global Russia Composite PMI dropped to a 13-month low of 52.2 in February 2024 from 55.1 in the prior month, mainly dragged down by a sharp slowdown in services activity. New orders increased the least since July 2023, amid less robust demand conditions from service providers. Exports, meanwhile, continued to fall, and at a steeper pace. Simultaneously, manufacturers registered a renewed rise in employment among manufacturers but slower job creation among the service economy dampened the overall upturn in staffing numbers. On inflation, input cost inflation went up at the softest rate since July 2020, linked to reports of reductions in some material and supplier prices. Meanwhile, output charge inflation hit its lowest since March 2023.