The S&P Global Russia Composite PMI fell to 46.6 in September 2025 from 49.1 in the previous month, marking the lowest since October 2022 and the fourth straight month of contraction in private sector activity. Manufacturing output declined more sharply, while services also returned to contraction. New orders shrank at the steepest pace since May 2022, with both sectors seeing sharper drops. Employment trends diverged: manufacturers cut jobs again, but robust hiring in services drove the strongest overall workforce growth since August 2024. Meanwhile, backlogs fell for a third month as firms cleared incomplete work. Inflationary pressures persisted, with input costs and output charges rising at faster rates across both sectors. Despite these headwinds, business confidence improved from August, supported by a broad-based uptick in optimism.
作者：Farida Husna，文章来源tradingeconomics，版权归原作者所有，如有侵权请联系本人删除。
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