| Country | Date | Event Type | Market Event | Context | Market Reaction | Indicator | Open | Close |
|---|---|---|---|---|---|---|---|---|
| Russia | 03 April 2023 | ECONDATA | Mar Mfg PMI 53.2 last 53.6 | Another solid month of expansion. Supported by faster ↑ in output and further ↑ in new ord. | RUB closed weaker for the day though. | USDRUB | 76.9800 | 78.6500 |
| Russia | 29 March 2023 | ECONDATA | Feb Unemp rate 3.5% last 3.6% Jan Real wage growth YoY 0.6% as last. Feb Retail Sales YoY -7.8% last -6.6% Feb Industrial Prodn YoY -1.7% last -2.4%. Feb GDP YoY -3.1% last -3.2% | Unemp rate and Ind Output < exptd. Putin points at low unemp rate and marginally higher wages as evidence of gradual recovery. Low Unemp is also evidence of labour shortage. | RUB strengthens for the day. | USDRUB | 76.5500 | 77.3200 |
| Russia | 17 March 2023 | CENTRALBANK | CBR keeps rates at 7.5% CBR Gov: Hike more likely this year than cuts. Inflationary pressures remain as widening budget deficit and deteriorating terms of trade pressure the RUB. | Little reaction from RUB. | USDRUB | 76.8000 | 76.9400 | |
| Russia | 10 March 2023 | ECONDATA | Feb Inflation rate YoY 11% last 11.8% MoM 0.5% last 0.8% | ↓ slightly below mkt expectations. Food inflation in particular ↓. | RUB weakens and USDRUB closed higher for the day. | USDRUB | 75.8400 | 76.1700 |
| Russia | 03 March 2023 | ECONDATA | Feb Services PMI 53.1 last 48.7 Feb Comp PMI 53.1 last 49.7 | Both turns +ve, linked to strong client demand amid uncertainty. | Strengthening of RUB together with USD weakness for the day. | USDRUB | 75.5000 | 74.4000 |
| Russia | 01 March 2023 | ECONDATA | Feb Global Manufacturing PMI 53.6 last 52.6 Jan Unemp 3.6% last 3.7% Dec Real Wage growth 0.6% last 0.3% Jan Retail Sales YoY -6.6% last -10.5% Jan GDP YoY -3.2% last -4.2% | Unemp rate < exptd. At record low - evidence of labour shortage since Putin's partial military mobilization. | RUB weakens for the day. | USDRUB | 75.0500 | 75.2500 |
| Russia | 22 February 2023 | ECONDATA | Jan Industrial Prodn YoY -2.4% last -4.3% Jan PPI YoY -4.6% last -3.3% MoM -0.9% last -0.8% | 10th consecutive ↓ in Industrial Prodn, impact of labour shortages due to military mobilizations and Western sanctions. Add China’s Wang Yi: China ready to deepen relations with Russia. | RUB weakens further for the day. | USDRUB | 74.9300 | 75.4300 |
| Russia | 20 February 2023 | ECONDATA | 2022 Ful year GDP Growth -2.1% last 5.6% | Mainly on western sanctions, but much softer contraction than exptd. | RUB weakens for the day. | USDRUB | 73.7500 | 75.0000 |
| Russia | 10 February 2023 | CENTRALBANK | CBR holds rates at 7.5% – If pro inflation risks intensify, will consider necessity of further hikes. Jan CPI YoY 11.8% last 11.9%, MoM 0.8% as last. | 3rd consecutive hold, in line with forecasts. Gives hawkish signals. Budget deficit of $25bln following oil price cap is in focus. | RUB at lowest level since Apr 2022. Breached 74 level to highs of 74.12 | USDRUB | 73.0300 | 73.0800 |
| Russia | 08 February 2023 | ECONDATA | Dec Unemp rate at 3.7% as last. Dec Retail Sales YoY -10.5% last -7.9% Nov Real wage growth YoY 0.3% last 0.4% | Political moves as Russian embassy says British fighter jets sent to Ukraine could have military and political ramifications. | RUB close to 10 month lows. USDRUB touched highs of 73.52 | USDRUB | 71.2500 | 72.4700 |
| Russia | 03 February 2023 | ECONDATA | Jan PMI Services 48.7 last 45.9 Composite 49.7 last 48 | Services ↓ for 4th month running – another mnthly drop in new business, weak domestic and intl demand. | All moves defined by USD rebound on Non Farm for the day. | USDRUB | 70.0600 | 70.6400 |
| Russia | 01 February 2023 | ECONDATA | Jan Manufacturing PMI 52.6 last 53 | USDRUB | 69.0200 | 69.8800 |