OREANDA-NEWS  In November, the Russian manufacturing Business Activity Index (PMI), which characterizes the industrial environment, rose to 48.3 points from 48 points in October. This is stated in the S&P Global report.

Nevertheless, the indicator remains below 50 points (at this point there is a division between growth and decline) for the sixth month in a row, which has not been observed since the COVID-19 pandemic.

The assessment of the situation by the management of the companies is influenced by the strongest drop in production since April 2022, which is explained by a reduction in orders and delays in the supply chain. Sales in November began to decline slightly more slowly than in October, but at the same time the decline in export sales resumed.

This trend leads to a reduction in companies' purchases of raw materials and components, which shifts problems to related suppliers. At the same time, logistical difficulties resumed — delivery delays were the highest since February, although purchase volumes fell.

The costs of producers of goods have been growing at the fastest pace since May, which is why companies have accelerated the price increase for their products to the maximum since March. At the same time, the level of optimism in November is higher than in October, when it reached a three-year low.

Earlier, the Central Bank reported that in the first half of 2025, the number of major companies experiencing difficulties in paying off debt obligations in Russia increased significantly.