OREANDA-NEWS The business activity index (PMI) of Russian manufacturing industries rose in June to 50.3 points from 48.8 points a month earlier, which was its first move in more than a year to signal a return to growth (a value above 50 means an increase in business activity, and below that, a weakening). This is stated in a study by S&P Global.

"The growth was insignificant, but it was driven by the fastest rate of increase in production since January 2025 and the stabilization of the influx of new orders," the authors note.

According to them, the volume of new export orders decreased for the eighth month in a row, with the rate of decline being the highest since last September, due to the weakness of foreign markets, unfavorable exchange rate dynamics and competition. The report also claims that a restrained influx of new orders led to another reduction in the number of employees at the enterprises in June, and "employees who left voluntarily were not replaced with new ones."

Before that, in February, the manufacturing industry showed a symbolic increase from 49.4 to 49.5 points after rising by almost 1.5 points in January. However, in the spring, the indicator was below 49 points again. In March, it fell to 48.3, and in April — to 48.1 points.