The S&P Global Russia Services PMI declined to 51.2 in December 2024, down from November’s ten-month high of 53.2, marking the lowest reading since September, amid relatively muted customer demand. The new order growth eased and was below the series average. Employment increased to the fastest in four months amid greater new orders and pressure on capacity, while backlogs of work rose for the second straight month. Moreover, the accumulation in incomplete business was steep overall and the sharpest in 16 months. On the price front, input cost inflation accelerated to an eleven-month high amid unfavorable exchange rate movements and higher supplier prices. However, output cost inflation eased to the weakest since August, though companies sought to pass greater costs onto customers. Lastly, business sentiment weakened to the lowest since July 2023 amid planned investment in new service lines and facilities, but concerns around higher cost burdens weighed on expectations. source: S&P Global

Services PMI in Russia decreased to 51.20 points in December from 53.20 points in November of 2024. Services PMI in Russia averaged 51.96 points from 2010 until 2024, reaching an all time high of 58.50 points in July of 2020 and a record low of 12.20 points in April of 2020. This page provides the latest reported value for - Russia Services PMI - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Services PMI in Russia decreased to 51.20 points in December from 53.20 points in November of 2024. Services PMI in Russia is expected to be 52.90 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Russia Services PMI is projected to trend around 51.80 points in 2025 and 55.50 points in 2026, according to our econometric models.




Related Last Previous Unit Reference
Business Confidence 6.90 7.00 points Dec 2024
Capacity Utilization 60.00 61.00 percent Dec 2024
Car Production 91.00 66.00 Thousand Units Oct 2024
Changes in Inventories 2609.90 1351.80 RUB Billion Sep 2024
Corporate Profits 24250.00 21370.00 RUB Billion Oct 2024
Corruption Index 26.00 28.00 Points Dec 2023
Corruption Rank 141.00 137.00 Dec 2023
Industrial Production YoY 3.70 4.80 percent Nov 2024
Industrial Production Mom 6.60 1.10 percent Oct 2024
Manufacturing Production 7.20 9.60 percent Nov 2024
Mining Production -1.30 -2.00 percent Dec 2024
Steel Production 5500.00 5600.00 Thousand Tonnes Nov 2024
Vehicle Sales YoY 132089.00 177505.00 Units Nov 2024

Russia Services PMI
The Markit Russia Services PMI is based on data compiled from monthly replies to questionnaires sent to purchasing executives in over 300 private service sector companies. The Index tracks variables such as sales, employment, inventories and prices. An index reading above 50 indicates an overall increase in that variable, below 50 an overall decrease. This is only a limited sample of PMI headline data displayed on the Customer’s service, under licence from S&P Global. Full historic PMI headline data and all other PMI sub-index data and histories are available on subscription from S&P Global. Contact economics@spglobal.com for more details.


News Stream
Russia Services PMI Falls to 3-Month Low
The S&P Global Russia Services PMI declined to 51.2 in December 2024, down from November’s ten-month high of 53.2, marking the lowest reading since September, amid relatively muted customer demand. The new order growth eased and was below the series average. Employment increased to the fastest in four months amid greater new orders and pressure on capacity, while backlogs of work rose for the second straight month. Moreover, the accumulation in incomplete business was steep overall and the sharpest in 16 months. On the price front, input cost inflation accelerated to an eleven-month high amid unfavorable exchange rate movements and higher supplier prices. However, output cost inflation eased to the weakest since August, though companies sought to pass greater costs onto customers. Lastly, business sentiment weakened to the lowest since July 2023 amid planned investment in new service lines and facilities, but concerns around higher cost burdens weighed on expectations.
2024-12-28
Russia Services PMI Rises to 10-Month High
The S&P Global Russia Services PMI increased to 53.2 in November 2024, up from October’s 51.6, marking the highest reading since January 2024, as a sharper rise in new orders supported output growth. New orders increased for the fifth consecutive month and the fastest pace since March, supported by the release of new service lines. Despite further expansion in employment, service providers registered renewed pressure on capacity as backlogs of work rose for the first time in eight months. The job pace of job creation softened to the slowest since February. On the price front, input prices rose due to higher supplier, transportation, and wage costs amid weak exchange rates. However, the input cost inflation eased fractionally and was slower than the series trend. Meanwhile, output cost inflation slowed to a three-month low. Lastly, business sentiment improved amid hopes of strengthening demand conditions and investment in new service lines.
2024-12-04
Russia Service Sector Growth Accelerates
The S&P Global Russia Services PMI rose to 51.6 in October 2024, up from September’s three-month low of 50.5, as output expanded at a faster pace amid continued growth in new orders. New orders increased for the fourth consecutive month in October, although the pace of growth slowed slightly. Consequently, employment grew more quickly, with backlogs of work continuing to decline, though at a marginal rate. On the price front, input cost inflation accelerated to a three-month high due to unfavorable exchange rates, higher supplier prices, and rising wage bills. Additionally, output cost inflation rose at the fastest rate since July, as firms passed these higher costs onto customers. Finally, business sentiment weakened to its second-lowest level in 15 months.
2024-11-06