PMI data for Rusland fra Markit:
Commenting on the Russia Manufacturing PMI® survey, Alexander Morozov, Chief Economist (Russia and CIS) at HSBC, said:
“The growth momentum turned negative at Russian producers in December, the HSBC Russia Manufacturing PMI survey revealed. Indeed, the headline PMI Index fell below the no-change 50-mark, reflecting a decline in demand, employment and stocks of inputs. “The consumer goods sector was hit the hardest, seeing fall in demand and output amidst still rising inventories of finished goods. This sector used to be the key manufacturing driver in the past few years. Now it has become the underperformer. In essence, the consumer goods producers stopped benefiting from the retail sales growth. This suggests that the import substitution in this sector further to the RUB depreciation may be problematic and will take time, at best. “Further fast rise in PMI Input and Output Price Indexes to historically very high levels points to the continuing escalation of inflation risks in the Russian economy. The RUB plunge is to be blamed for that. We foresee the double-digit consumer price growth for the most of 2015.”
