Business Confidence in Russia decreased to -6 points in December from -5 points in November of 2019.

Business Confidence in Russia averaged -3.23 points from 2005 until 2019, 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. source: Federal State Statistics Service

Business Confidence in Russia is expected to be -2.00 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 1.00 in 12 months time. In the long-term, the Russia Business Confidence is projected to trend around 1.00 points in 2020, according to our econometric models.


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Russia Business Confidence

Actual Previous Highest Lowest Dates Unit Frequency
-6.00 -5.00 7.00 -20.00 2005 - 2019 points Monthly

Calendar GMT Actual Previous Consensus TEForecast
2019-09-26 02:00 PM Sep -2 -2 -2
2019-10-25 01:00 PM Oct -3 -2 -3
2019-11-28 01:00 PM Nov -5 -3 -4
2019-12-26 01:00 PM Dec -6 -5 -2
2020-02-04 01:00 PM Jan -6 -3


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.

Russia Business Last Previous Highest Lowest Unit
Business Confidence -6.00 -5.00 7.00 -20.00 points [+]
Manufacturing PMI 47.50 45.60 54.70 45.60 points [+]
Services PMI 53.10 55.60 58.40 41.30 points [+]
Industrial Production 2.10 0.30 17.70 -16.90 percent [+]
Industrial Production Mom 8.90 -2.50 24.40 -26.10 percent [+]
Manufacturing Production 0.10 3.70 27.10 -28.10 percent [+]
Capacity Utilization 64.00 65.00 66.00 38.00 percent [+]
Changes in Inventories 1441.30 846.30 2009.30 -1157.20 RUB Billion [+]
Total Vehicle Sales 179235.00 156848.00 291020.00 39497.00 Units [+]
Car Production 139.50 134.70 187.00 18.20 Thousand Units [+]
Car Registrations 179235.00 156848.00 291020.00 39497.00 [+]
Leading Economic Index 1.60 2.30 9.90 -11.80 percent [+]
Internet Speed 11846.17 11607.38 12288.46 1909.63 KBps [+]
IP Addresses 19163474.00 19200437.00 19200437.00 2137082.00 IP [+]
Steel Production 5620.00 5950.00 6804.00 3130.00 Thousand Tonnes [+]
Mining Production 1.40 0.90 10.80 -7.70 percent [+]
Cement Production 5.46 5.96 7.70 1.60 Millions of Tonnes [+]
Competitiveness Index 66.74 65.62 66.74 4.13 Points [+]
Competitiveness Rank 43.00 43.00 67.00 43.00 [+]
Composite Pmi 51.80 52.90 58.30 44.70 points [+]
Bankruptcies 3088.00 2937.00 3697.00 1103.00 Companies [+]
Corporate Profits 13001.90 11689.20 13797.20 -224.00 RUB Billion [+]
Corruption Index 28.00 28.00 29.00 21.00 Points [+]
Corruption Rank 137.00 138.00 154.00 47.00 [+]
Ease of Doing Business 28.00 31.00 124.00 28.00 [+]