Business Confidence in Russia increased to 0.70 points in July from 0 points in June of 2021. source: Federal State Statistics Service

Business Confidence in Russia averaged -3.24 points from 2005 until 2021, reaching an all time high of 7 points in July of 2007 and a record low of -20 points in December of 2008. This page provides - Russia Business Confidence - actual values, historical data, forecast, chart, statistics, economic calendar and news. Russia Business Confidence - data, historical chart, forecasts and calendar of releases - was last updated on July of 2021.

Business Confidence in Russia is expected to be 0.80 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Business Confidence in Russia to stand at -2.00 in 12 months time. In the long-term, the Russia Business Confidence is projected to trend around -1.00 points in 2022, according to our econometric models.

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Russia Business Confidence

Actual Previous Highest Lowest Dates Unit Frequency
0.70 0.00 7.00 -20.00 2005 - 2021 points Monthly

Calendar GMT Actual Previous Consensus TEForecast
2021-04-27 04:00 PM Apr 0 -0.3 1
2021-06-04 04:00 PM May 0.3 0 2
2021-06-30 04:00 PM Jun 0.0 0.3 0.8
2021-07-23 04:00 PM Jul 0.7 0.0 0.4
2021-08-27 04:00 PM Aug 0.7
2021-09-29 04:00 PM Sep
2021-10-27 04:00 PM Oct
2021-11-26 04:00 PM Nov

Russia Business Confidence
In Russia, the business confidence index measures morale among manufacturers. 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.