Russia Business Confidence  2005-2017 | Data | Chart | Calendar | Forecast

Business confidence in Russia was unchanged at -1 in May of 2017 compared to the previous month. Fewer manufacturers expected production to increase in the next three months (26 percent vs 28 percent in April) while less estimated the demand to remain in the negative territory (-34 percent from -35 percent). Still, the economic situation is considered favorable by only 10 percent of the respondents (the same as in April) and satisfactory by 74 percent (73 in April). Also, the number of respondents which expected an improvement in an economic situation in the next 6 months was steady at 26 percent, with economic uncertainty, lack of demand and high taxes seen as the main challenges. Business Confidence in Russia averaged -3.33 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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Calendar GMT Actual Previous Consensus Forecast (i)
2017-03-24 02:20 PM Mar -2 -2 -3
2017-04-26 01:00 PM Apr -1 -2 -2
2017-05-29 01:50 PM May -1 -1 -1
2017-06-27 01:00 PM Jun -1 -2
2017-07-26 01:00 PM Jul 0
2017-08-24 01:00 PM Aug -1




Russia Business Last Previous Highest Lowest Unit
Business Confidence -1.00 -1.00 7.00 -20.00 [+]
Manufacturing PMI 52.40 50.80 54.70 47.60 [+]
Services PMI 56.30 56.10 58.40 41.30 Index Points [+]
Industrial Production 5.60 2.30 17.70 -16.90 percent [+]
Industrial Production Mom 1.20 2.30 24.40 -26.10 percent [+]
Manufacturing Production 5.70 0.60 27.10 -28.10 percent [+]
Capacity Utilization 65.00 64.00 65.00 38.00 percent [+]
Changes in Inventories -612.50 2048.10 2260.40 -1206.50 RUB Billion [+]
Total Vehicle Sales 124990.00 129476.00 291020.00 39497.00 [+]
Car Production 115.60 121.40 187.00 18.20 Thousand Units [+]
Car Registrations 124990.00 129476.00 291020.00 39497.00 [+]
Leading Economic Index 3.10 1.70 9.88 -11.84 percent [+]
Mining Production 5.60 4.20 10.80 -7.70 percent [+]
Mni Business Sentiment 61.50 61.30 62.90 37.10 [+]
Steel Production 6212.00 6185.00 6804.00 3130.00 Thousand Tonnes [+]
Cement Production 4.23 4.02 7.70 1.60 Millions of Tonnes [+]
Competitiveness Index 4.51 4.44 4.51 4.13 Points [+]
Competitiveness Rank 43.00 45.00 67.00 43.00 [+]
Composite Pmi 56.00 55.30 58.30 44.70 [+]
Bankruptcies 3080.00 3214.00 3634.00 1103.00 [+]
Corporate Profits 2701.40 1649.40 11587.70 -224.00 RUB Billion [+]
Corruption Index 29.00 29.00 29.00 21.00 Points [+]
Corruption Rank 131.00 119.00 154.00 47.00 [+]
Ease of Doing Business 40.00 36.00 124.00 36.00 [+]


Russia Business Confidence Notes

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 June of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
-1.00 -1.00 7.00 -20.00 2005 - 2017 Monthly



business confidence by Country

Last
Australia 7.00 May/17
Brazil 53.70 May/17
Canada 53.80 May/17
China 51.20 May/17
Euro Area 0.90 May/17
France 108.00 Jun/17
Germany 114.60 May/17
India 57.20 Jun/16
Indonesia 103.42 Mar/17
Italy 106.90 May/17
Japan 12.00 Mar/17
Mexico 47.55 May/17
Netherlands 6.10 May/17
Russia -1.00 May/17
South Korea 82.00 May/17
Spain 0.50 May/17
Switzerland 101.60 May/17
Turkey 109.20 May/17
United Kingdom 1.00 Jun/17
United States 54.90 May/17