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1 Apr, 07:17

Russian processing sector PMI drops to 48.2 points in March — research

"Fresh contractions in output and new orders weighed on the overall performance of the goods-producing economy, amid weak domestic and foreign client demand," S&P Global noted

MOSCOW, April 1. /TASS/. The Russia Manufacturing Purchasing Managers’ Index(PMI) declined in March 2025 from 50.2 points a month earlier to 48.2 points, S&P Global says in its research.

"The deterioration in the health of the sector was the first since last September and the strongest since April 2022," the research.

"Fresh contractions in output and new orders weighed on the overall performance of the goods-producing economy, amid weak domestic and foreign client demand. Meanwhile, manufacturers cut their input buying further and depleted inventory levels despite stronger business confidence in the year-ahead outlook for output," S&P Global noted.

The index value above 50 points to growth of business activity and marks its slowdown if being below 50 points.