03.08.2026, 10:52
The PMI index of manufacturing industries of the Russian Federation rose to 50.7 points in July from 50.3 points in June
Source: OREANDA-NEWS
OREANDA-NEWS The PMI index of manufacturing industries of the Russian Federation in July 2026 amounted to 50.7 points, rising from the June value of 50.3 points, according to the materials of the S&P Global study.
The latest data indicated the strongest upturn in operating activity in the sector since January 2025, albeit at a modest overall pace.
A value above 50 points indicates an increase in business activity, and below this level, a decrease in business activity.
New orders continued to grow for the second month in a row, with the fastest growth rate since May 2025. Respondents noted an improvement in demand conditions and the acquisition of new customers. However, the overall rise in new orders was driven by domestic demand, while new export orders declined again, at the fastest pace since October 2022.
Production volumes increased following the growth of orders at the fastest pace since January last year.
The rate of cost inflation accelerated again in July, becoming the fastest since January 2026. Companies pointed to problems with fuel shortages and transportation, as well as increased supplier prices. As a result, the increased cost burden was shifted to customers, and selling prices increased. The rate of selling price inflation has become the second fastest since January 2025.
The number of employees continued to decline in July, with respondents expressing concerns about the sustainability of new orders and capacity utilization. At the same time, the rate of job cuts slowed, reaching the lowest level in four months.
Meanwhile, the volume of work in progress decreased for the eighteenth month in a row, and companies noted sufficient availability of resources to process incoming orders. Purchasing activity was accelerating again.
Business confidence in the sector, meanwhile, dropped to its lowest level since May 2020. Companies were positive about the prospects for production growth in the next 12 months, but the degree of optimism decreased due to concerns about customer purchasing power and increased competition.
The latest data indicated the strongest upturn in operating activity in the sector since January 2025, albeit at a modest overall pace.
A value above 50 points indicates an increase in business activity, and below this level, a decrease in business activity.
New orders continued to grow for the second month in a row, with the fastest growth rate since May 2025. Respondents noted an improvement in demand conditions and the acquisition of new customers. However, the overall rise in new orders was driven by domestic demand, while new export orders declined again, at the fastest pace since October 2022.
Production volumes increased following the growth of orders at the fastest pace since January last year.
The rate of cost inflation accelerated again in July, becoming the fastest since January 2026. Companies pointed to problems with fuel shortages and transportation, as well as increased supplier prices. As a result, the increased cost burden was shifted to customers, and selling prices increased. The rate of selling price inflation has become the second fastest since January 2025.
The number of employees continued to decline in July, with respondents expressing concerns about the sustainability of new orders and capacity utilization. At the same time, the rate of job cuts slowed, reaching the lowest level in four months.
Meanwhile, the volume of work in progress decreased for the eighteenth month in a row, and companies noted sufficient availability of resources to process incoming orders. Purchasing activity was accelerating again.
Business confidence in the sector, meanwhile, dropped to its lowest level since May 2020. Companies were positive about the prospects for production growth in the next 12 months, but the degree of optimism decreased due to concerns about customer purchasing power and increased competition.
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