2025年4月，标普全球俄罗斯服务业采购经理人指数为50.1，与上月持平。然而，该指数继续反映出服务业自去年6月以来最疲软的扩张速度，当时该指数预示着收缩。在需求疲软的情况下，新业务增长几乎停滞，主要是由于购买力下降。就业在3月份短暂收缩后恢复增长，尽管创造就业的速度很小。与此同时，积压的工作连续第六个月增加。在价格方面，由于原材料和维修成本上涨以及工资上涨，投入成本通胀加速。然而，尽管企业努力将更高的成本转嫁给客户，但产出价格通胀几乎没有变化，仍然是一年来第二慢的。最后，受需求增强、新服务项目投资和扩大新客户覆盖范围的预期支撑，市场情绪改善至15个月高点。
The S&P Global Russia Services PMI stood at 50.1 in April 2025, unchanged from the prior month. Nevertheless, the reading continued to reflect the weakest pace of expansion in the services sector since last June, when the index signaled a contraction. New business growth nearly stalled amid subdued demand conditions, largely due to reduced purchasing power. Employment returned to growth following a brief contraction in March, although the pace of job creation was only marginal. Meanwhile, backlogs of work increased for the sixth straight month. On prices, input cost inflation accelerated, driven by higher raw material and repair costs, as well as rising wage bills. However, output price inflation was little changed and remained the second-slowest in a year, despite efforts by firms to pass on higher costs to customers. Finally, sentiment improved to a 15-month high, supported by expectations of stronger demand, investment in new service lines, and expanded outreach to new clients.
