Federazione Russa Pmi Composite

The S&P Global Russia Composite PMI rose to 52.7 in March 2024 from February's 13-month low of 52.2, supported by sharper upturns in manufacturing and service sector output. New order growth accelerated g amid marked growth in new sales at goods producers. Also, new sales from abroad returned to growth as foreign client demand at manufacturers strengthened. Meanwhile, employment quickened at manufacturers and service providers but backlogs of work continued to grow, with the pace of accumulation the fastest in three months. On prices, pressures softened, as evidenced by input cost and output charges that increased at the slowest rates since July 2020 and March 2023, respectively.