HSE says Russias industry weathers lengthy recession - News Archive - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

HSE says Russias industry weathers lengthy recession

MOSCOW, Jan 16 (PRIME) -- An opinion poll of directors at 3,200 Russian industrial facilities, based in 82 Russias regions, has demonstrated that the countrys industry has weathered a lengthy recession, Moscows Higher School of Economics (HSE) said in a report on Tuesday.

A summary of opinions of big and medium-sized industrial facilities heads has shown final recovery from a lengthy recession of 2015 and a part of 2016, the report quoted a HSE statistics research center Georgy Ostapkovich as saying.

Adaptation to the new economic reality and a relative macroeconomic stabilization, including inflation and a currency rate were mentioned among the factors ensuring the recovery. Ostapkovich said that most entrepreneurs call excessive volatility of these two factors together with demand problems and economic uncertainty to be the reasons for limited production and a lower strategic planning horizon for modernization, investment and innovations.

The December business confidence index (BCI) in the mining, processing and power distribution industries remained flat on the month at +1%, -1% and -3%, respectively. The best BCI figures are seen in the processing sector with a 5-6 percentage points rise from the recessionary 2015, the report read.


16.01.2018 16:33
Share |
To report an error select text and press Ctrl+Enter
Central Bank Official Rate
1W 1M 1Y
EUR 76.7556 +0.6819 15 nov
USD 67.9975 +0.3163 15 nov
Stock Market Indices
1D 1W 1M 1Y
rtsi 1109.82 +0.89 17:02 14 nov
micex 2371.12 -0.16 17:02 14 nov
Stock Quotes in RUR
1D 1W 1M 1Y
gazp 149.93 +0.74 16:46 14 nov
lkoh 4875.50 -1.69 16:46 14 nov
rosn 427.10 -3.72 16:46 14 nov
sber 198.17 +0.82 16:46 14 nov
MICEX Ruble Trading
1D 1W 1M 1Y
EURTD 76.4400 +0.2375 14:59 14 nov
USDTD 67.2700 -0.4250 16:43 14 nov