Russia’s manufacturing PMI rises to 48.8 points in May

Russia’s manufacturing PMI rises to 48.8 points in May

Russia's manufacturing PMI rose to 48.8 in May 2026 (from 48.1 in April), still sub-50 but marking the softest contraction in three months, with output volumes turning marginally positive after 14 months of decline. For supply chain and procurement managers, the data signals a sector not yet in recovery — cost pressures are accelerating due to rising supplier fees, offsetting any operational rebound.