Russia’s S&P Global Composite PMI edged down to 48.9 in June 2026 from 49.2 in the previous month, marking the lowest reading since March and signaling a fourth consecutive month of contraction in private-sector activity.
The decline reflected continued weakness in the service sector, which more than offset a further expansion in manufacturing output.
New orders fell again, driven by a sharper drop in services demand, while manufacturers reported broadly stable sales.
Meanwhile, backlogs of work continued to decline, pointing to spare capacity across the private sector.
In response, firms extended workforce reductions, with some citing cost-cutting measures.
On the price front, both input costs and output charges continued to increase, but inflationary pressures eased further, with the pace of cost and selling price growth slowing to the weakest so far in 2026 across both manufacturing and services.