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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
RussiaRussia S&P Global Manufacturing PMI fell to 48.8 Points in August 2026
FMPMonthlyReleased September 2026
Russia S&P Global Manufacturing PMI fell to 48.8 Points in August 2026, released September 2026, down 1.9 Points from July's 50.7 Points reading. The reading matched the 50.4 Points consensus.
Latest Release
48.800000
Actual
50.400000
Consensus
50.700000
Previous
Median Absolute Error
±1.27
across last 12 releases
Last Call
Sep 2026
Predicted: 50.5
Actual: 48.8
Error: +1.7
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| BTC/USD | ▲ Direct | +0.50 | CRYPTO | Moves with | → View |
| EUR/USD | ▼ Inverse | −0.48 | FOREX | Moves against | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
S&P Global Manufacturing PMI (Russia) was reported at 48.80 Points in August 2026. This missed the market consensus of 50.40 Points by 1.60 Points. The reading fell from the previous value of 50.70 Points. Over the past 12 months, the indicator has averaged 48.81 Points, ranging from 48.00 Points to 50.70 Points across 10 releases. This is classified as a medium-impact indicator released on a monthly basis.
WHY IT MATTERS
The trailing three releases averaged 49.43 Points, up from the prior three at 49.07 Points. Volatility over the past year (σ 0.80 Points) is lower than the prior year (σ 1.62 Points). In September readings over the past 3 years, S&P Global Manufacturing PMI has averaged 49.87 Points.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with BTC/USD (Bullish BTC). A secondary relationship exists with EUR/USD, negatively correlated (Bearish EUR). Over the last 12 releases, the Sigmacast model's median absolute error is 1.28 Points.
WHAT TO WATCH NEXT
The next release is scheduled for October 1, 2026. Same-country events in the next 14 days include Unemployment Rate (Sep 30) and Gross Domestic Product YoY (Sep 30).
Auto-generated from current model state · Refreshes on each release · Last update September 2026.
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S&P Global Manufacturing PMI - RU
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About S&P Global Manufacturing PMI — Russia
DEFINITION
The S&P Global Manufacturing PMI is a widely recognized financial indicator that measures the performance of the manufacturing sector in major economies around the world. It provides valuable insights into the health and growth of the global manufacturing industry, serving as a key barometer for investors, businesses, and policymakers. The index is based on a monthly survey of purchasing managers, and its timely and accurate data is highly regarded for its ability to forecast economic trends and inform decision-making.
WHY THIS INDICATOR MATTERS
Sentiment surveys are forward-looking inputs that often lead hard data on output and hiring. Sharp swings can drive cross-asset repricing. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Aug 2026): actual 48.8 Points, consensus 50.4 Points. Prior reading (Jul 2026): 50.7 Points. Before that (May 2026): 48.8 Points.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with BTC/USD (Bullish BTC, r=0.50) — a useful reference for crypto-focused traders.
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Economic Calendar - RU Events
| Wednesday, September 16, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 16:00 | RU | Producer Price Index YoY | 6.5 | 6.6 | 4.5 | 5.50 | Low |
| 16:00 | RU | Producer Price Index MoM | 0.9 | -2.5 | -0.9 | 0.00 | Low |