Russia’s S&P Global Composite PMI dropped to 48.8 in March 2026 from 50.8 in February. This marked the first contraction in private sector business activity since September 2025, dragged by renewed downturn in new orders, as the decline in manufacturing sales more than offset broadly unchanged inflows of new work in the services sector. Output fell across both sectors. Firms also reduced their staffing numbers, with job shedding reported in both manufacturing and services sectors, even as backlogs of work increased. Regarding prices, input costs and output charges rose markedly in March but at much softer rates than those seen at the start of the year following the VAT rate adjustment. Looking ahead, firms were more optimistic about output growth over the next 12 months compared with February. However, the level of confidence remained below the long-run series average. source: S&P Global

Composite PMI in Russia decreased to 48.80 points in March from 50.80 points in February of 2026. Composite PMI in Russia averaged 51.17 points from 2013 until 2026, reaching an all time high of 58.30 points in January of 2017 and a record low of 13.90 points in April of 2020. This page provides - Russia Composite Pmi- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Composite PMI in Russia decreased to 48.80 points in March from 50.80 points in February of 2026. Composite PMI in Russia is expected to be 50.50 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Russia Composite PMI is projected to trend around 51.60 points in 2027 and 52.00 points in 2028, according to our econometric models.



Related Last Previous Unit Reference
Business Confidence -0.90 0.10 points Mar 2026
Capacity Utilization 62.00 61.00 percent Feb 2026
Car Production 66.10 47.20 Thousand Units Feb 2026
Changes in Inventories 1358.00 1933.10 RUB Billion Sep 2025
Corporate Profits 2029.10 27073.00 RUB Billion Jan 2026
Corruption Index 22.00 22.00 Points Dec 2025
Corruption Rank 157.00 154.00 Dec 2025
Industrial Production YoY -0.90 -0.80 percent Feb 2026
Industrial Production Mom -1.20 -23.70 percent Feb 2026
Manufacturing Production -2.80 -3.00 percent Feb 2026
Mining Production 0.90 0.50 percent Feb 2026
Steel Production 5000.00 5500.00 Thousand Tonnes Feb 2026
Vehicle Sales YoY 102077.00 77163.00 Units Mar 2026


Russia Composite PMI
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. 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 Composite PMI Falls for 1st Time in 6 Months
Russia’s S&P Global Composite PMI dropped to 48.8 in March 2026 from 50.8 in February. This marked the first contraction in private sector business activity since September 2025, dragged by renewed downturn in new orders, as the decline in manufacturing sales more than offset broadly unchanged inflows of new work in the services sector. Output fell across both sectors. Firms also reduced their staffing numbers, with job shedding reported in both manufacturing and services sectors, even as backlogs of work increased. Regarding prices, input costs and output charges rose markedly in March but at much softer rates than those seen at the start of the year following the VAT rate adjustment. Looking ahead, firms were more optimistic about output growth over the next 12 months compared with February. However, the level of confidence remained below the long-run series average.
2026-04-03
Russia Private Sector Growth Cools in February
Russia’s S&P Global Composite PMI eased to 50.8 in February 2026 from 52.1 in January, signaling only a marginal expansion in private-sector activity. Growth slowed as services output rose at a weaker pace and manufacturing production returned to contraction. New business increased at the softest rate in three months, with services seeing slower sales growth and manufacturing orders broadly unchanged. On the price front, input cost and output charge inflation moderated from January’s VAT-driven surge, though overall price pressures remained sharp and among the strongest in just over a year. Employment declined across both sectors, while business confidence stayed positive but fell to its lowest level since December 2022 amid softer expectations among manufacturers and service providers.
2026-03-04
Russia Composite PMI Highest in A Year
Russia’s S&P Global Composite PMI rose to 52.1 in January 2026 from 50.0 in December, marking the highest level since January 2025 and signaling a renewed expansion in private-sector activity. The contraction in manufacturing output eased, while services activity accelerated further. New orders increased at the fastest pace in a year, as a softer decline in manufacturing demand coincided with stronger growth in services' new business. Employment levels were broadly stable overall. On the price front, a recent increase in the VAT rate pushed up cost burdens for both manufacturers and service providers, leading to a sharper rise in input costs and output charges compared with December. Price pressures remained historically elevated across both sectors. Looking ahead, business confidence improved in manufacturing and services, supported by expectations of stronger demand and improving operating conditions.
2026-02-04