标准普尔全球俄罗斯制造业采购经理人指数从9月份的48.2降至2025年10月的48.0，标志着连续第五个月出现收缩，这是自7月以来最严重的下滑，部分原因是新销售额下降更快。在需求疲软的情况下，产量继续下降，尽管下降速度比9月份有所放缓。然而，在现有市场销售条件更加有利的情况下，国外销售额恢复增长。与此同时，就业人数小幅下降，采购活动加快至三个月来最快速度。自2019年11月以来，供应商的交货时间已大幅缩短。在价格方面，投入成本通胀降至16年半以来的最低水平，而产出价格略有下降，因为企业试图刺激新的销售并为现有客户保持有竞争力的价格。最后，商业信心降至2022年5月以来的最低水平，反映出客户对财务困难的担忧。
The S&P Global Russia Manufacturing PMI edged down to 48.0 in October 2025, down from September’s 48.2, signaling a fifth consecutive month of contraction and marking the sharpest downturn since July, partly due to a faster drop in new sales. Output continued to fall amid muted demand conditions, though the rate of decline softened from September. However, foreign sales returned to growth amid more favorable sales conditions in existing markets. Meanwhile, employment fell fractionally, and purchasing activity quickened to the fastest pace in three months. Supplier delivery times have shortened to the greatest extent since November 2019. On prices, input cost inflation eased to the lowest level in over sixteen and a half years, while output prices fell marginally as firms sought to stimulate new sales and maintain competitive pricing for existing customers. Finally, business sentiment weakened to the lowest since May 2022, reflecting concerns over financial difficulties among clients.
