Page 48 - RusRPTJan23

4.2.2 PPI dynamics
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
Despite the sharp improvement of the Russia Manufacturing Purchasing Managers’ IndexTM (PMI) seen in November, continued contraction in the services sector has kept the composite output stagnating in the reporting month, the latest Services PMI data from S&P Global showed. (chart) “A further contraction in service sector output counteracted a solid rise in manufacturing production,” the report said.
Russian manufacturing firms recorded their fastest improvement in almost six years as the S&P Global Russia Manufacturing Purchasing Managers’ IndexTM (PMI) posted 53.2 in November, up from 50.7 in October, “to signal a solid improvement in operating conditions at Russian manufacturers,” S&P Global
48 RUSSIA Country Report January 2023 www.intellinews.com