Page 74 - RusRPTApr23

4.3 Industrial sectors and trade 4.3.1 Producers PMI
Russia’s Manufacturing Purchasing Managers’ Index (PMI) grew to 53.6 in February from 52.6 in January, above the no-change mark of 50, research agency S&P Global said.
"Overall growth was extended, with the rate of expansion quickening to the fastest since early-2017," the agency said.
New orders expanded at the highest rate since March 2019 amid a stronger demand from domestic customers, while foreign orders decreased.
The input costs grew at the fastest pace since May 2022 with inflation acceleration.
The sales price increase accelerated, although remained subdued. Employment increased at the lowest rate in three months.
The level of optimism regarding production in 2023 decreased from January's level but remained above average.
Russian service providers posted an upturn in business activity during February 2023, showing the first increase in output five months and helping to
74 RUSSIA Country Report Russia April 2023 www.intellinews.com