The PMI index of Russian manufacturing industries slowed down in October – Kommersant
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The business activity index (PMI) of Russia’s manufacturing industries in October amounted to 53.8 points, which is slightly lower in comparison with the indicators September (54.5 points). This is stated in the agency’s analysis S&P Global.
An index value above 50 points indicates an increase in economic activity, below – a decline.
As S&P Global analysts note, in October the condition of the Russian manufacturing sector improved at a steady pace. This is explained by an increase in the volume of Russian production due to an increase in the number of orders. Which, in turn, was caused by an increase in demand in the domestic market. Export orders in October, on the contrary, increased slightly.
An increase in the number of uncompleted works is also recorded due to an increase in the load on production capacity and a lack of raw materials. In turn, due to inflationary pressure, which remained significant, production costs and prices of finished products increased noticeably. The rate of increase in finished goods sales accelerated for the third month in a row and was the sharpest since March 2011.
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