
Demand for Russian manufactured goods remained weak during September, with new order intakes decreasing for the second month running.
Russia's Manufacturing PMI rose to 49.8 points in September 2026 from 48.8 in August, according to S&P Global, though demand remained weak and new orders decreased due to higher prices and competition.
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A PMI value above 50 points indicates business activity growth, while a value below 50 flags a slowdown.
MOSCOW, October 1. /TASS/. Russia’s Manufacturing Purchasing Managers’ Index (PMI) rose to 49.8 points in September 2026 from 48.8 points in the previous month, the S&P Global analytical agency said in a report.
"Demand for Russian manufactured goods remained weak during September, as new order intakes decreased for the second month running. Panelists noted that lower new sales were largely due to higher prices and competition," the report said.
Although the pace of decline in total new business eased from August, new export orders fell at a marked rate and one that was the sharpest since May 2022. Similarly, output levels decreased for the second month running in September amid weak demand. That said, the pace of contraction cooled from that seen in August.
The PMI value above 50 points is indicative of the business activity growth and the value below the said level flags its slowdown.

The Ministry of Finance of the Russian Federation plans to give banks the powers of tax agents for personal income tax in relation to interest on deposits from 2027. Now banks only transmit data to the tax office, which itself calculates the tax.

Trade turnover between Russia and Belarus in January-July of this year increased by 14% in annual terms and reached $32.8 billion.

Russian manufacturers of small and medium-sized businesses supported the initiative of the Ministry of Finance to establish a 22 percent VAT on the online purchase of foreign goods through marketplaces to create fair competition.

Chemical fibers, railway locomotives and rolling stock, as well as household appliances became the main drivers of growth in Russian exports to Belarus in the first seven months.

At its October meeting, the Central Bank of Russia will take into account the entire set of data when deciding on the key rate. As the regulator’s deputy chairman, Alexey Zabotkin, said, the announced budget parameters are unlikely to have a significant impact on the forecast.

The average maximum rate on deposits of the ten largest banks in Russia increased in the third ten days of September by almost 0.05 percentage points and amounted to 13.05% per annum, according to materials from the Bank of Russia.