Here is the entire report by S&P: Russia Manufacturing PMI (pdf)
TL;DR:
- Russian manufacturing output in December decreased for the tenth month running, and at the fastest pace since March 2022 due to weak demand conditions and a reduction in new orders.
- In line with lower new orders, Russian manufacturers cut their workforce numbers at the end of the year. Employment has fallen in three of the last four months.
- Goods producers were less confident in the outlook for output over the coming year in December. The level of optimism dropped to the lowest since May 2022 amid concerns regarding subdued demand conditions.
- December data signaled an increase in cost burdens at Russian manufacturers. The pace of inflation was the fastest since March as firms noted higher supplier and raw material prices. That said, the rate of increase was well below the series trend.
This is coming off “overheated levels” last year, and only down 0.7% year over year. If Russophobia propaganda drives US colony happiness, peace in Ukraine with commitments by Russia to reduce military production would create a difficult economic transition in Russia with more opportunity for such headlines, and perhaps Germany and Japan having a chance to surpass it in PPP GDP rankings again.
I don’t know where you are getting this, but wherever it is, stay away from it.
The data regarding the business confidence comes from Russian panelists. These are Russian entrepreneurs.
Even Russia’s official data are pessimistic. The Russian Economic Development Ministry has already in September lowered its GDP growth forecast for 2025 to 1.0% from the 2.5% it was predicting in April. The Russian Central Bank in October lowered its 2025 growth forecast to 0.5%-1.0% from its July outlook of 1.0-2.0%.
This growth comes apparently solely from the industrial-military complex at the expense of civilian industries. According to Rosstat, Russia’s Federal Statistics Service, total industrial production jumped 3 percent month-on-month in October, though driven largely by defense-related manufacturing. At the same time, according to Rosstat, production of construction materials and glass has been declining for about a year, with output of basic building materials down roughly 11–12 percent over that period.
The auto industry suffered across all categories as vehicle output saw a 8.9% decline in October compared with the previous month and plunged 62% year-on-year (China’s car industry is the big winner here, btw).
Russian Railways, with a debt burden of 4 trillion rubles (43 billion euros), scaled back investment real capital investment in transport by 26% in the first half of 2025, while investment in passenger rail dropped by 48%.
As the military industry is granted preferential treatment - particularly subsidized loans to bear the high interest rates -, Russia’s budget deficit widens, and, again, the civilian industry (here with the exception of very few companies such as some construction businesses that receives similarly subsidies) pays the bill.
It also fuels inflation. Putin has recently announced that the ‘goal’ of an annual inflation rate of 6% for 2025 has been reached, but the Russian Central Bank has a different view and set the key interest rate at 16%, again around 10 percentage points higher then the official inflation rate.
This is a TINY sample of data that paints a devastating picture of Russia’s economy - and it comes from official Russian sources such as Rosstat and directly from the government.
I got all data from this article
Yes PMI is 47. Below 50 is contraction. 47 is higher than US numbers. Mild contraction from very overheated levels is still a healthy economy. 16% interest rates are down from 21%, and likely to drop more. Russia has managed the good problem of wage increases being higher than inflation, which is unheard of under our fascism.
You apparently don’t even read the linked report while posting false information, citing wrong numbers.
Russia’s Manufacturing PMI in December is 48.1, it is below 50 since June this year. There is a clear downward trend during the last 4 years as the war drags down Russia’s economy.
The U.S. Manufacturing PMI for the US in December 2025 is 51.8. The trend over the last 3 years even shows an upward trend.
Please look at the numbers before trolling around.