标准普尔全球俄罗斯制造业采购经理人指数从5月份的50.2降至2025年6月的47.5，表明工厂活动再次收缩。最新数据也标志着自2022年3月以来的最大跌幅，因为新订单恢复下降，产量以更快的速度萎缩。由于购买力下降和客户需求疲软，新销售额下降幅度为3月以来最大。与此同时，由于汇率不利，国外销售额以2022年11月以来的最快速度下降。因此，就业人数下降，裁员速度为2022年4月以来最快，而积压的工作下降速度更快。在价格方面，投入成本通胀降至2020年2月以来的最低水平，反映出材料价格暂停上涨。产出成本通胀也放缓，达到2022年11月以来的最低水平。展望未来，由于对全球经济不确定性的担忧日益加剧，商业信心降至2022年10月以来的最低水平。

The S&P Global Russia Manufacturing PMI fell to 47.5 in June 2025, down from 50.2 in May, signaling a return to contraction in factory activity. The latest reading also marked the steepest decline since March 2022, as new orders resumed their fall and output shrank at a faster rate. The new sales dropped the most since March, driven by reduced purchasing power and weak client demand. Meanwhile, foreign sales fell at the sharpest pace since November 2022, amid unfavorable exchange rates. As a result, employment declined, with the pace of job shedding the fastest since April 2022, while backlogs of work dropped at a quicker rate. On the price front, input cost inflation eased to its lowest level since February 2020, reflecting suspended hikes in material prices. Output cost inflation also slowed, reaching its softest pace since November 2022. Looking ahead, business sentiment weakened to its lowest level since October 2022, amid growing concerns over global economic uncertainty.

俄罗斯标准普尔全球制造业采购经理人指数从之前的50.2降至6月份的47.5。俄罗斯标准普尔全球制造业采购经理人指数从之前的50.2降至6月份的47.5

Russia S&P Global Manufacturing PMI down to 47.5 in June from previous 50.2.Russia S&P Global Manufacturing PMI down to 47.5 in June from previous 50.2

2025年5月，俄罗斯工业生产年增长率为1.8%，高于前一个月的1.5%的增长率，明显高于市场预期的0.8%的疲软增长率。工业增长完全由制造业支撑，制造业增长了4%。反过来，由于全球矿产价格下跌以及自2022年以来俄罗斯主要贸易伙伴中国的需求疲软，采矿业的产量出现收缩（-1.1%）。公用事业（-0.2%）和供水（-1.6%）的产出也较低。

Industrial production in Russia rose by 1.8% annually in May of 2025, picking up from the 1.5% increase in the previous month and firmly above market expectations of a softer 0.8% growth. Industrial growth was solely supported by manufacturing, which expanded by 4%. In turn, output contracted for mining (-1.1%) amid lower global prices for minerals and softer demand from China, Russia's main trading partner since 2022. Output was also lower for utilities (-0.2%) and the distribution of water (-1.6%).

俄罗斯央行储备美元：6828亿美元，此前为6873亿美元。俄罗斯央行储备美元：6828亿美元，此前为6873亿美元

Russia Central Bank Reserves $: $682.8B vs previous $687.3B.Russia Central Bank Reserves $: $682.8B vs previous $687.3B