Russia Business ConfidenceMay 2023 Data - 2005-2022 Historical - June 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,2022,2023,2024

Business Confidence in Russia increased to 3.90 points in May 2023 from 3.40 points in the prior month. It was the highest reading since August 2008. source: Federal State Statistics Service

Business Confidence in Russia averaged -2.96 points from 2005 until 2023, reaching an all time high of 7.00 points in July of 2007 and a record low of -20.00 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 June of 2023.

Business Confidence in Russia is expected to be -6.50 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 0.00 points in 2024 and -3.00 points in 2025, according to our econometric models.

Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

Features Questions? Contact us Already a Member? Login

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

API Features Documentation Interested? Click here to contact us

Please Paste this Code in your Website

width

height

Preview

Related	Last	Previous	Unit	Reference
Business Confidence	3.90	3.40	points	May 2023
Industrial Production Mom	-5.00	13.40	percent	Apr 2023
Industrial Production	5.20	1.20	percent	Apr 2023
Manufacturing Production	8.00	6.30	percent	Apr 2023
Capacity Utilization	64.00	60.00	percent	Nov 2022
Changes in Inventories	-31.60	1306.10	RUB Billion	Dec 2022
Car Production	32.60	32.50	Thousand Units	Mar 2023
Mining Production	3.10	-3.60	percent	Apr 2023
Corporate Profits	6027.50	4155.50	RUB Billion	Mar 2023
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.