Page 42 - RusRPTDec22

On a monthly basis, producer prices fell by 2.5%, the sharpest decline since June.
Producer prices in Russia rose 3.8% y/y in September of 2022, the same as in the previous month and remaining the lowest increase since December last year. Main upward pressure came from electricity, gas, steam & air conditioning (5%), followed by water supply (4.9%), manufacturing (4.7%) and mining (0.7%). On a monthly basis, producer prices went down 0.8%, following a 1% fall in August.
4.3 Industrial sectors and trade 4.3.1 Producers PMI
The seasonally adjusted S&P Russia Manufacturing Purchasing Managers’ Index (PMI) posted 50.7 in October, remaining above the no-change mark of 50.0 indicating expansion, but slowing down from 52.0 seen in September.
As covered by bne IntelliNews, previously the industrial output and PMI numbers supported the sentiment that the Russian economy was doing much better than expected under sanctions for the military invasion of Ukraine.
But September industrial output figures posted a larger-than-expected
42 RUSSIA Country Report December 2022 www.intellinews.com