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

Business confidence in Russia decreased to -8 in December of 2016, compared to -7 the previous month. It is the lowest reading since December 2015, as less manufacturers expect production to increase in the next three months (to 7 percent from 9 percent in November) and demand remained in the negative territory (-37 from -36 in November). The economic situation is considered favorable by only 7 percent of the respondents (the same in November) and satisfactory by 76 percent (the same in November). Only 21 percent of respondents (the same in November) 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 -3.32 from 2005 until 2016, 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 Reference Actual Previous Consensus Forecast (i)
2016-10-26 01:00 PM Oct -6 -5 -4
2016-11-25 05:00 PM Nov -7 -6 -5
2016-12-26 01:40 PM Dec -8 -7 -8
2017-02-03 01:00 PM Jan -8 -7
2017-02-28 01:00 PM Feb -8
2017-03-27 01:00 PM Mar -7




Russia Business Last Previous Highest Lowest Unit
Business Confidence -8.00 -7.00 7.00 -20.00 [+]
Manufacturing PMI 53.70 53.60 53.70 47.60 [+]
Services PMI 56.50 54.70 57.60 41.30 Index Points [+]
Industrial Production 2.70 -0.20 17.70 -16.90 percent [+]
Industrial Production Mom 2.70 5.80 24.40 -21.20 percent [+]
Manufacturing Production 2.50 -0.80 27.10 -28.10 percent [+]
Capacity Utilization 64.00 64.00 65.00 38.00 percent [+]
Changes in Inventories 1222.10 65.00 1534.50 -1471.40 RUB Billion [+]
Total Vehicle Sales 145668.00 132346.00 291020.00 39497.00 [+]
Car Production 113.00 104.00 187.00 18.20 Thousand Units [+]
Car Registrations 145668.00 132346.00 291020.00 39497.00 [+]
Leading Economic Index 0.50 -0.50 9.88 -11.84 percent [+]
Steel Production 5975.00 5942.00 6804.00 3130.00 Thousand Tonnes [+]
Mining Production 2.70 0.80 10.80 -7.70 percent [+]
Mni Business Sentiment 61.50 61.30 62.90 37.10 [+]
Cement Production 3.40 5.10 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 56.60 55.80 56.60 44.70 [+]
Bankruptcies 1112.00 1020.00 1585.00 917.00 Companies [+]
Corporate Profits 9030.80 8171.40 9030.80 -152.50 RUB Billion [+]
Corruption Index 29.00 27.00 29.00 21.00 Points [+]
Corruption Rank 119.00 136.00 154.00 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 January of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
-8.00 -7.00 7.00 -20.00 2005 - 2016 Monthly



Last
Albania -0.10 Dec/16
Angola -32.00 Sep/16
Armenia 51.00 Jun/16
Australia 5.00 Nov/16
Austria -1.80 Dec/16
Bangladesh 9.96 Dec/14
Belgium -0.20 Dec/16
Brazil 50.10 Jan/17
Bulgaria 17.20 Dec/16
Canada 60.80 Dec/16
Cape Verde 0.00 Sep/16
Chile 41.49 Dec/16
China 51.40 Dec/16
Colombia -4.00 Nov/16
Croatia 5.10 Dec/16
Cyprus 114.70 Dec/16
Czech Republic 97.10 Dec/16
Denmark -1.00 Dec/16
Ecuador 1192.60 Nov/16
Estonia 103.90 Dec/16
Euro Area 0.79 Dec/16
European Union 109.10 Dec/16
Finland 2.40 Dec/16
France 106.00 Dec/16
Georgia 25.00 Sep/16
Germany 111.00 Dec/16
Greece 94.60 Dec/16
Hong Kong 2.00 Dec/16
Hungary 3.70 Dec/16
India 57.20 Jun/16
Indonesia 107.89 Sep/16
Ireland 23.00 Sep/16
Israel 19.40 Dec/16
Italy 103.50 Dec/16
Japan 10.00 Dec/16
Kazakhstan 2.00 Dec/16
Latvia -6.50 Dec/16
Lithuania -6.60 Dec/16
Luxembourg 108.00 Dec/16
Macedonia 26.10 Dec/16
Malaysia 83.90 Sep/16
Maldives -21.00 Sep/16
Malta 115.50 Dec/16
Mauritius 93.00 Sep/16
Mexico 51.80 Dec/16
Mozambique 90.20 Nov/16
Netherlands 4.70 Dec/16
New Caledonia 79.90 Jun/16
New Zealand 21.70 Dec/16
Nigeria -29.00 Dec/16
Norway -5.00 Sep/16
Peru 61.00 Oct/16
Philippines 39.80 Dec/16
Poland -2.60 Dec/16
Portugal 1.20 Dec/16
Qatar 20.40 Jun/16
Romania 1.00 Dec/16
Russia -8.00 Dec/16
Saudi Arabia 3.00 Jun/16
Sierra Leone 66.10 Dec/13
Singapore 4.00 Sep/16
Slovakia 4.70 Dec/16
Slovenia 7.00 Dec/16
South Africa 38.00 Dec/16
South Korea 72.00 Dec/16
Spain -2.80 Dec/16
Sri Lanka 102.00 Sep/16
Sweden 111.60 Dec/16
Switzerland 102.20 Dec/16
Thailand 50.30 Dec/16
Turkey 98.40 Dec/16
Uganda 53.95 Dec/16
Ukraine 108.70 Dec/16
United Kingdom -8.00 Dec/16
United States 54.70 Dec/16