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.

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Russia Business Confidence

Calendar GMT Actual Previous Consensus TEForecast
2023-05-03 04:00 PM Apr 3.4 3.3 3.5
2023-05-31 04:00 PM May 3.9 3.4 3.5
2023-06-28 04:00 PM Jun 3.9 -1.5

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.
Actual Previous Highest Lowest Dates Unit Frequency
3.90 3.40 7.00 -20.00 2005 - 2023 points Monthly