标准普尔全球俄罗斯综合采购经理人指数从4月份的49.8升至2025年5月的51.4，为1月份以来的最高水平，预示着私营部门活动将恢复扩张。服务业产出的快速增长支撑了这一增长，而制造业生产则有所下降。在广泛需求的推动下，新订单以四个月来最快的速度增长。然而，由于制造业就业岗位的增加被服务业员工人数的再次下降所抵消，整体就业人数有所下降。尽管趋势有所不同，但这两个行业的通胀压力在历史上仍然较低。制造商的投入成本和销售价格增长略快，而服务公司的支出增长则有所放缓。尽管如此，总体收费通胀加速至2月以来的最高水平。最后，信心降至两年来的最低水平。

The S&P Global Russia Composite PMI rose to 51.4 in May 2025 from 49.8 in April, marking the highest reading since January and signaling a return to expansion in private sector activity. A faster rise in services output supported the upswing while manufacturing production fell. New orders expanded at the quickest pace in four months, helped by broad-based demand. However, overall employment shrank, as gains in manufacturing jobs were outweighed by a renewed drop in services headcounts. Inflationary pressures remained historically subdued across both sectors, though trends diverged. Manufacturers saw slightly faster increases in input costs and selling prices, while services firms reported a softer rise in expenses. Nonetheless, overall charge inflation accelerated to its highest rate since February. Lastly, confidence weakened to its lowest level in two years.