The index of business activity of Russian manufacturing industries increased in June

The business activity index (PMI) for Russian manufacturing industries rose in June to 50.3 points from 48.8 points a month earlier, which became its first move into the zone signaling a return to growth in more than a year (a value above 50 means strengthening business activity, and below it means weakening). This is stated in a study by S&P Global.

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

According to them, the volume of new export orders fell for the eighth month in a row, and the rate of decline was the fastest since last September, due to weakness in foreign markets, unfavorable exchange rate movements and competition. The report also claims that the muted influx of new orders led to another reduction in the number of personnel at enterprises in June, and “employees who left voluntarily were not replaced by new ones.”