Russia's manufacturing sector contracted for the first time in twenty-nine months in September amid renewed declines in output, new orders, and employment, survey results from S&P Global showed on Tuesday.
The manufacturing purchasing managers' index, or PMI, dropped to 49.5 in September from 52.1 in August. Any score below suggests contraction, while a reading above 50 indicates expansion in the sector.
Output fell at a solid pace in September due to subdued demand conditions and supplier delivery delays. Muted customer demand resulted in a decline in new orders for the first time in twenty-eight months.
Nonetheless, new export orders grew at the fastest rate in over a year amid strong demand from Central Asia.
Supply chain issues, including delays to rail transportation and international logistics, led to a sharp deterioration in vendor performance, the survey revealed.
On the price front, input price inflation remained marked in September amid raw material shortages and greater transportation fees. As a result, selling prices rose at the quickest pace since October 2023.
Manufacturing employment was also reduced by firms, with the pace of job shedding being the sharpest in almost a year.
Looking ahead, the degree of confidence in the year-ahead outlook dipped to a 19-month low.
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December 12, 2025 15:14 ET Central bank decisions dominated the economic news flow this week led by the Federal Reserve. Trade data from the U.S. also gained attention. The Canadian and Swiss central banks also announced their interest rate decisions. Inflation data from China was in focus as the country released the latest consumer price and producer price data.