标准普尔全球俄罗斯服务业采购经理人指数在2025年9月降至47.0，低于8月份的50.0的三个月高点。这标志着服务业在过去四个月里第三次收缩，也是自2022年12月以来的最大跌幅，反映出在新订单大幅下降的情况下，产出再次下滑。
尽管新销售额持续疲软，但俄罗斯服务提供商仍在继续扩大员工队伍。就业创造总体上保持稳定，是2024年1月以来最快的。在定价方面，由于供应商、工资和公用事业费用的上涨，投入成本通胀加速至五个月来的最高点。然而，产出价格通胀有所缓解，这反映了强劲的市场竞争和刺激需求的努力。展望未来，商业情绪有所改善，但仍低于历史平均水平，因为企业对经济稳定性的改善和客户数量的潜在增长表示谨慎乐观。
The S&P Global Russia Services PMI fell to 47.0 in September 2025, down from August’s three-month high of 50.0. This marked the third contraction in the services sector over the past four months and the steepest decline since December 2022, reflecting a renewed downturn in output amid a sharp drop in new orders.
Despite the sustained weakness in new sales, Russian service providers continued to expand their workforce. Job creation remained solid overall and was the fastest since January 2024. On the pricing front, input cost inflation accelerated to a five-month high, driven by higher supplier, wage, and utility expenses. However, output price inflation eased, reflecting strong market competition and efforts to stimulate demand. Looking ahead, business sentiment improved but remained below the historical average, as firms expressed cautious optimism about improved economic stability and a potential rise in customer numbers.
