Page 60 - RusRPTAug22

lowest producer inflation since February of 2021, as prices slowed sharply for mining (11.4% vs. 26.1% in May), manufacturing (12.3% vs. 19.5%), and electricity, gas, and steam (4.8% vs. 5.3%). Monthly, producer prices declined 4.1%, following a 6.9% drop in May.
4.3 Industrial sectors and trade 4.3.1 Producers PMI
The seasonally adjusted S&P Global Russia Manufacturing Purchasing Managers’ PMI Index was still in the black with 50.3 in July, but down slightly from 50.9 in June. (chart) The latest index reading signalled only a slight improvement in the health of the Russian manufacturing sector, which has done surprisingly well in
light of the extreme sanctions imposed on
Russia, albeit the growth was the slowest in the current three-month sequence
of expansion, says S&P.
“July data indicated that operating conditions improved only fractionally in the Russian manufacturing sector. Weighing on overall
60 RUSSIA Country Report October 2020 www.intellinews.com