标普全球俄罗斯制造业采购经理人指数从5月的54.4升至2024年6月的54.9。这是工厂活动连续第25个月扩张，也是自3月份以来速度最快的一个月，原因是产量和新订单大幅增长，国外销售额恢复增长。与此同时，就业率以有记录以来最快的速度增长，而积压工作四个月来首次下降。公司将投入品购买量提高到六个月来的最快水平，据报道，更多的新订单和补充二手库存的努力支持了更大幅度的上涨。在成本方面，由于持续的物流问题以及运输和供应商价格上涨，投入品价格上涨速度加快至2023年11月以来最快。销售价格连续第三个月上涨，是2024年迄今为止涨幅最大的一个月。最后，受新产品开发和新客户拓展计划投资的提振，市场情绪升至三个月高点。

The S&P Global Russia Manufacturing PMI increased to 54.9 in June 2024 from May's 54.4. It was the 25th straight month of expansion in factory activity and the fastest pace since March due to a sharp rise in output and new orders, with foreign sales returning to growth. At the same time, employment rose at the fastest rate on record, while backlogs of work declined for the first time in four months. Firms raised their input buying to the quickest in six months, with greater new orders and efforts to replenish used stocks reportedly supported the steeper upturn. On the cost side, input price inflation quickened to the fastest since November 2023 amid ongoing logistics issues and higher transportation and supplier prices. Selling prices rose for the 3rd month running and were at the steepest pace in 2024 so far. Lastly, sentiment strengthened to a three-month high, buoyed by planned investment in new product development and outreach to new clients.

2024年5月，俄罗斯的工业生产比前一年增长了5.3%，比4月3.5%的增长速度更快，远高于市场预期的2.5%的增长。制造业（9.1%）、公用事业发电和配电业（4.2%）以及废水处理物流业（5.4%）的产量增加，共同抵消了矿产产量的收缩（-0.3%）。与上月相比，俄罗斯的工业产出增长了1%。

Industrial production in Russia jumped by 5.3% from the previous year in May of 2024, accelerating from the 3.5% increase in April, and firmly above market expectations of a 2.5% expansion. Output expanded for manufacturing (9.1%), utility generation and distribution (4.2%), and logistics around wastewater disposal (5.4%), which jointly offset a contraction in the output of minerals (-0.3%). From the prior month, industrial output in Russia expanded by 1%.

2024年5月，俄罗斯的生产者通胀率从上月的18.4%降至16.2%，这是连续第三次放缓至九个月来的最低水平，但仍远高于长期平均水平。采矿业的通货膨胀率仍然很高，但有所放缓（4月份为33.8%，而4月份为44.5%），因为能源密集型生产使该行业对该国炼油能力危机中更高的燃料价格特别敏感，从而提高了石油和天然气生产商（43.4%，而60.3%）以及金属矿开采商（32.6%，而31.4%）的成本。与此同时，公用事业提供商的生产者价格反弹（0.7%对-1.4%），而制造业的通货膨胀率仍在上升（13%）。生产者价格较上月上涨1.6%。

Producer inflation in Russia eased to 16.2% in May of 2024 from 18.4% in the earlier month, the third consecutive slowdown to its lowest in nine months, but still well above its long-term average. Inflation remained high but slowed for mining (33.8% vs 44.5% in April), as the energy-intensive nature of production made the sector especially sensitive to higher fuel prices amid the country’s refining capacity crisis, lifting costs for oil and natural gas producers (43.4% vs 60.3%) and metal ore miners (32.6% vs 31.4%). In the meantime, producer prices rebounded for utility providers (0.7% vs -1.4%), while inflation remained elevated for manufacturing (13%). From the previous month, producer prices rose by 1.6%.

2024年5月，俄罗斯的年通货膨胀率从4月的7.8%跃升至8.3%，为2023年2月以来的最高水平，当时西方制裁的基数效应软化了俄罗斯经济中飙升的价格增长水平。这一数据与俄罗斯央行的信号一致，即广泛的产能危机和对俄罗斯消费者的一些吸引力相结合，正在使通胀超过央行早些时候的预期。服务业（8.55%）和商品（8.19%）的通货膨胀率都有所上升。此外，核心通胀率超过了8.64%的总体通胀率。与上月相比，俄罗斯CPI上涨了0.74%，为2月份以来的最大涨幅。

The annual inflation rate in Russia jumped to 8.3% in May of 2024 from 7.8% in April, the highest since February 2023, when base effects from Western sanctions softened the soaring levels of price growth in the Russian economy. The reading was aligned with the Bank of Russia’s signals that a combination of a widespread capacity crisis and some traction for Russian consumers is lifting inflation past the central bank’s earlier expectations. Inflation was elevated both for services (8.55%) and goods (8.19%). Additionally, core inflation surpassed the headline rate at 8.64%. From the previous month, the Russian CPI rose by 0.74%, the most since February.