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

Business confidence in Russia was unchanged at -1 in June of 2017 compared to the previous two months. Fewer manufacturers expected production to increase in the next three months (24 percent vs 26 percent in May) while less estimated the demand to remain in the negative territory (-33 percent from -34 percent). Still, the economic situation is considered favorable by only 10 percent of the respondents (the same as in May) and satisfactory by 74 percent (the same as in May). Meanwhile, the number of respondents which expected an improvement in an economic situation in the next 6 months rose to 30 percent (26 percent in May), 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)
2017-04-26 01:00 PM Apr -1 -2 -2
2017-05-29 01:50 PM May -1 -1 -1
2017-06-23 02:30 PM Jun -1 -1 -2
2017-07-26 01:00 PM Jul -1 0
2017-08-24 01:00 PM Aug -1
2017-09-26 01:00 PM Sep 1




Russia Business Last Previous Highest Lowest Unit
Business Confidence -1.00 -1.00 7.00 -20.00 [+]
Manufacturing PMI 50.30 52.40 54.70 47.60 [+]
Services PMI 55.50 56.30 58.40 41.30 Index Points [+]
Industrial Production 3.50 5.60 17.70 -16.90 percent [+]
Industrial Production Mom 1.70 1.20 24.40 -26.10 percent [+]
Manufacturing Production 2.90 5.70 27.10 -28.10 percent [+]
Capacity Utilization 64.00 65.00 65.00 38.00 percent [+]
Changes in Inventories 11.40 -612.50 2260.40 -1206.50 RUB Billion [+]
Total Vehicle Sales 141084.00 124990.00 291020.00 39497.00 [+]
Car Production 103.20 115.60 187.00 18.20 Thousand Units [+]
Car Registrations 141084.00 124990.00 291020.00 39497.00 [+]
Leading Economic Index 3.10 1.70 9.88 -11.84 percent [+]
Mining Production 5.20 5.60 10.80 -7.70 percent [+]
Mni Business Sentiment 61.50 61.30 62.90 37.10 [+]
Steel Production 5341.00 5953.00 6804.00 3130.00 Thousand Tonnes [+]
Cement Production 5.46 4.23 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 54.80 56.00 58.30 44.70 [+]
Bankruptcies 3080.00 3214.00 3634.00 1103.00 [+]
Corporate Profits 3224.50 2701.40 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 July 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 9.00 Jun/17
Brazil 50.60 Jul/17
Canada 61.60 Jun/17
China 51.70 Jun/17
Euro Area 1.15 Jun/17
France 109.00 Jul/17
Germany 116.00 Jul/17
India 57.20 Jun/16
Indonesia 103.42 Mar/17
Italy 107.30 Jun/17
Japan 17.00 Jun/17
Mexico 48.01 Jun/17
Netherlands 7.20 Jun/17
Russia -1.00 Jun/17
South Korea 78.00 Jun/17
Spain 2.10 Jun/17
Switzerland 105.50 Jun/17
Turkey 109.50 Jul/17
United Kingdom 5.00 Sep/17
United States 57.80 Jun/17