Russia Composite PMI Slips to 2-1/2-Year Low âšī¸
Russia's PMI declined to 48.5 in June 2025, indicating economic contraction with reduced manufacturing and service output, declining new orders, falling employment, and easing inflationary pressures.
Economic indicators suggest a potential slowdown in Russian economic activity, which could have broader implications for emerging markets and global economic sentiment. Declining PMI signals potential challenges in manufacturing and service sectors.
Russia Unemployment Falls to New Record Low âšī¸
Russia's unemployment rate dropped to a record low of 2.2% in May 2025, driven by labor shortages from military mobilization and reduced economic capacity.
Labor market dynamics suggest structural economic shifts in Russia, potentially indicating economic stress from ongoing geopolitical tensions. The low unemployment rate might mask underlying economic challenges related to workforce disruptions and military mobilization.
Russia Manufacturing Shrinks the Most in Over 3 Years âšī¸
Russia's Manufacturing PMI declined to 47.5 in June 2025, indicating a contraction in factory activity with falling new orders, reduced output, and weakening business sentiment.
Signals deteriorating manufacturing conditions in Russia with potential broader economic implications, reflecting reduced industrial activity, weak demand, and growing economic uncertainty.
Russia Sustains Moderate Retail Sales Growth âšī¸
Russian retail sales increased by 1.8% year-on-year in May 2025, with monthly sales rising 2%, though year-to-date growth has slowed to 2.3% compared to 10.5% in the same period of 2024.
Modest retail sales growth indicates stable but decelerating consumer spending in Russia. The data suggests a gradual economic normalization with reduced growth momentum compared to the previous year.