As reported by bne IntelliNews, Russian goods producers registered a marginal improvement in the health of the sector at the start of 2022. But in February, the headline seasonally adjusted IHS Markit Russia Manufacturing PMI registered 48.6, down from 51.8 in January, and below the no-change 50.0 mark, indicating contraction.
However, most of the indicators relying on data collected before the Russian military sanctions on
Even before the invasion, in February manufacturing operating conditions deteriorated modestly and at the fastest pace since
Lower new sales reflected weaker domestic and foreign client demand, while the manufacturers saw a fall in workforce numbers as pressure on capacity dropped. At the same time, inflationary pressures intensified as the rate of input price and output charge inflation accelerated to the fastest for eight months amid hikes in supplier costs.
Still, prior to the invasion of Ukraine Russian goods producers were more upbeat regarding the outlook for output over the coming year midway through the opening quarter. The degree of confidence was the strongest since
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