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Russia: Manufacturing output contracts at fastest pace since March 2022 as new orders decline further and employment weakens amid fading business confidence (www.themoscowtimes.com)

submitted 4 months ago by Sepia@mander.xyz to c/russia@sopuli.xyz

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Here is the entire report by S&P: Russia Manufacturing PMI (pdf)

TL;DR:

Russian manufacturing output in December decreased for the tenth month running, and at the fastest pace since March 2022 due to weak demand conditions and a reduction in new orders.
In line with lower new orders, Russian manufacturers cut their workforce numbers at the end of the year. Employment has fallen in three of the last four months.
Goods producers were less confident in the outlook for output over the coming year in December. The level of optimism dropped to the lowest since May 2022 amid concerns regarding subdued demand conditions.
December data signaled an increase in cost burdens at Russian manufacturers. The pace of inflation was the fastest since March as firms noted higher supplier and raw material prices. That said, the rate of increase was well below the series trend.

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[–] humanspiral@lemmy.ca 1 points 4 months ago (1 children)

I got all data from this article

The data regarding the business confidence comes from Russian panelists. These are Russian entrepreneurs.

Yes PMI is 47. Below 50 is contraction. 47 is higher than US numbers. Mild contraction from very overheated levels is still a healthy economy. 16% interest rates are down from 21%, and likely to drop more. Russia has managed the good problem of wage increases being higher than inflation, which is unheard of under our fascism.

[–] Sepia@mander.xyz 0 points 4 months ago

You apparently don't even read the linked report while posting false information, citing wrong numbers.

Russia's Manufacturing PMI in December is 48.1, it is below 50 since June this year. There is a clear downward trend during the last 4 years as the war drags down Russia's economy.

The U.S. Manufacturing PMI for the US in December 2025 is 51.8. The trend over the last 3 years even shows an upward trend.

Please look at the numbers before trolling around.