Page 29 - RusRPTJan22

4.2.2 PPI dynamics
4.3 Industrial sectors and trade 4.3.1 Producers PMI
The headline seasonally adjusted IHS Markit Russia Manufacturing PMI remained in the black in December, with manufacturing expanding to post 51.6 in December, broadly in line with the 51.7 posted in November.
Although marginal, the latest data indicated a third successive monthly improvement in operating conditions across the sector, with the rate of expansion stronger than the long-run series average, Markit said.
However, services continued to contract in December, albeit mildly. The seasonally adjusted IHS Markit Russia Services Business Activity Index registered 49.5 in December, which was an improvement on the 47.1 posted in November.
The services result signalled a marginal contraction in business activity across the Russian service sector, but the fall in output was the slowest for three
29 RUSSIA Country Report January 2022 www.intellinews.com