标准普尔全球俄罗斯服务业采购经理人指数从6月份的49.2降至2025年7月的48.6，标志着连续第二个月收缩。这是自去年6月以来的最大跌幅，原因是新订单减少和客户需求疲软。商业活动下降，结束了12个月的连续增长，并因客户数量减少和销售状况疲软而以2023年1月以来的最快速度收缩。尽管新业务有所下降，但公司以2月以来最快的速度增加了就业，预计未来销售额将增长。与此同时，积压的工作略有增加。在价格方面，由于公用事业、供应商和人员费用的增加，投入成本通胀加速。随着公司试图将这些增加的成本转嫁给客户，销售价格也上涨了。展望未来，在经济和金融状况更加稳定的希望的支撑下，商业信心改善至三个月高点。
The S&P Global Russia Services PMI declined to 48.6 in July 2025 from June’s 49.2, marking the second consecutive month of contraction. This was the steepest decline since June of last year, driven by a reduction in new orders and weak client demand. Business activity fell, ending a 12-month streak of growth, and contracted at the fastest pace since January 2023 due to lower customer numbers and subdued sales conditions. Although new business declined, firms increased employment at the fastest rate since February, anticipating future growth in sales. Meanwhile, backlogs of work rose slightly. On the price front, input cost inflation accelerated, driven by higher utility, supplier, and staffing expenses. Selling prices also rose as companies sought to pass on these increased costs to customers. Looking ahead, business sentiment improved to a three-month high, supported by hopes of more stable economic and financial conditions.
