Russia’s Services PMI Declines to 48.7 in May 2026
Russia’s services PMI falls to 48.7 points in May
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In May 2026, Russia's services Purchasing Managers' Index (PMI) decreased to 48.7 points, indicating a contraction in business activity, driven by weaker sales and consumer demand.
- 01The services PMI dropped from 49.7 in April to 48.7 in May 2026.
- 02This marks the third consecutive month of declining output volumes.
- 03The rate of contraction is the sharpest since September 2025.
- 04Companies reported weaker new sales volumes and reduced consumer demand as key factors.
- 05Operating expenses continued to rise, influenced by higher supplier prices, energy costs, and wage growth.
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According to an S&P Global survey, Russia's services Purchasing Managers' Index (PMI) fell to 48.7 points in May 2026, down from 49.7 in April. This decline marks the third consecutive month of decreasing output volumes, with the contraction accelerating to its sharpest rate since September 2025. Companies attributed the slowdown to weaker new sales volumes and reduced consumer demand. Despite the overall moderation in decline, costs continued to rise, although at a slower pace, driven by increased supplier prices, energy costs, and wage growth. A PMI reading above 50 indicates growth, while a reading below that signifies a slowdown in business activity.
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The decline in the services PMI suggests a slowdown in economic activity, which could affect employment and consumer spending.
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