Photo: HSBC, Markit
Russia’s May manufacturing PMI climbed to 53.2 from 52.9 in April.Key points:
- New business expansion fastest since March 2011
- Growth of output and employment maintained
- Input price inflation at second-lowest level in nearly three years
More from Markit:
The volume of new orders received by Russian manufacturers rose for the eighth successive month in May. Moreover, the rate of expansion was the fastest since March 2011, and slightly sharper than the long-run average. Export growth supported the overall rise in new business for the third month running, with the rate of expansion in new export orders the fastest since last November.
Manufacturing output in Russia increased for the 30-fourth successive month in May. The rate of expansion eased from April’s 13-month peak, but was solid nonetheless.
The robust gain in new work mid-way through the second quarter generated higher employment and purchasing activity. Workforces expanded on average for the second month running, and at the fastest rate since March 2011. Input buying increased for the fourth successive month.