Russian PMI Index in April Fell to a Minimum since 1997
IHS Markit added that the number of new orders, as well as export sales, fell at an unprecedented pace. The decrease in total sales was due to the difficult conditions of internal and external demand in the context of the spread of coronavirus infection in Europe.
The study emphasizes that the depreciation of the ruble caused an increase in import prices for raw materials. At the same time, manufacturers partially leveled out costs by significantly increasing selling prices for products. The number of jobs in the manufacturing sector in April declined at the fastest pace since 2009.