Russia Business Confidence

Business confidence in Russia increased to -2 in January of 2017, compared to -3 the previous month. It was the highest reading since May 2014, as more manufacturers expect production to increase in the next three months (to 27 percent from 24 percent in January) while demand remained in the negative territory (-38 percent from -37 percent). The economic situation is considered favorable by only 13 percent of the respondents (10 percent in January) and satisfactory by 70 percent (73 in January). More respondents (32 percent from 31 percent in January) expect an improvement in an economic situation in the next 6 months with economic uncertainty, lack of demand and high taxes seen as the main challenges. Business Confidence in Russia averaged -3.34 from 2005 until 2017, reaching an all time high of 7 in July of 2007 and a record low of -20 in December of 2008.

Russia Business Confidence

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In Russia, the business confidence index is based on the management reports of around 4000 companies representing three basic industries – subsurface resource extraction, processing and electricity, gas and water production and distribution. The index is calculated as the arithmetic average balances of assessments of actually existing levels of demand, stocks of finished products (with opposite sign) as well as change in output expected in the next 3 months. The index shows the difference between the percentage share of executives that are optimistic and the percentage of that is pessimistic. The index takes a value between -100 (all responding entities asses their situation as poor and expect it to become worse) up to 100 (all participants are satisfied with the current situation and expect it to improve); 0 indicates neutrality. This page provides – Russia Business Confidence – actual values, historical data, forecast, chart, statistics, economic calendar and news. Russia Business Confidence – actual data, historical chart and calendar of releases – was last updated on March of 2017.