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Russia's manufacturing contracted slightly in February 2026, with PMI rising to 49.5, output slowing in decline, new orders stabilizing after eight months of fall, but employment dropped sharply and inflation stayed high.
Russia's manufacturing sector saw a slight improvement in February 2026, with the PMI rising to 49.5 from 49.4, signaling the slowest contraction in nine months.
Output fell at a reduced rate, and new orders stabilized after eight months of decline, though demand remained weak.
Export orders declined faster than in January.
Employment dropped at the sharpest pace since June 2025, and input purchases fell sharply.
Inflation eased after a January VAT increase but remained elevated.
Business confidence fell to a three-year low amid ongoing challenges.
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La industria manufacturera de Rusia se contrajo ligeramente en febrero de 2026, con el PMI aumentando a 49,5, la producción disminuyendo en declive, los nuevos pedidos se estabilizaron después de ocho meses de caída, pero el empleo se redujo drásticamente y la inflación se mantuvo alta.