Russia Business ConfidenceJune 2022 Data - 2005-2021 Historical - July Forecast

Name: Russia Business Confidence
Creator: TRADING ECONOMICS
License: https://creativecommons.org/licenses/by/4.0/
Keywords: Russia,Business Confidence,data,chart,actual,historical,values,calendar,forecast,graph,2021,2022,2023

Business Confidence in Russia decreased to -3 points in June from -2 points in May of 2022. source: Federal State Statistics Service

Business Confidence in Russia averaged -3.13 points from 2005 until 2022, 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 2022.

Business Confidence in Russia is expected to be -3.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Russia Business Confidence is projected to trend around -1.00 points in 2023, according to our econometric models.

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Related	Last	Previous	Unit	Reference
Business Confidence	-3.00	-2.00	points	Jun 2022
Industrial Production Mom	-1.90	-8.50	percent	May 2022
Industrial Production	-1.70	-1.60	percent	May 2022
Manufacturing Production	-3.20	-2.10	percent	May 2022
Capacity Utilization	61.00	61.00	percent	Apr 2022
Changes in Inventories	-153.80	1656.60	RUB Billion	Dec 2021
Car Production	136.20	146.50	Thousand Units	Apr 2021
Mining Production	-0.80	-1.60	percent	May 2022
Corporate Profits	11439.00	7120.60	RUB Billion	Apr 2022
Cement Production	4.92	3.89	Millions of Tonnes	Apr 2021

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.