Page 52 - RusRPTFeb24

4.2.2 PPI dynamics
Russia Producer Price Index (PPI) grew 21.9 % YoY in Nov 2023, compared with a growth of 21.6 % YoY in the previous month. Russia Producer Price Index data is updated monthly, available from Jan 2013 to Nov 2023, with an average change of 6.2 % YoY.
4.3 Industrial sectors and trade 4.3.1 Producers PMI
The S&P Global Russia Manufacturing Purchasing Managers’ Index (PMI) fell to 52.4 points in January 2024 from 54.6 points in the previous month, S&P Global analytical agency reported.
"Despite stronger business confidence, firms left employment broadly unchanged on the month in response to falling backlogs of work," the report said.
Any PMI value above 50 points indicates growth.
The January result was the weakest upturn in the manufacturing sector since July 2023, although it remains well ahead of the rest of Europe which are all
52 RUSSIA Country Report February 2024 www.intellinews.com