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.

End

16.01.2018 16:33
 
 
Share |
To report an error select text and press Ctrl+Enter
 
 
Central Bank Official Rate
1W 1M 1Y
USD
EUR 73.6871 +0.0753 22 jun
USD 63.7873 +0.1698 22 jun
Stock Market Indices
1D 1W 1M 1Y
MICEX
rtsi 1114.67 -0.41 16:50 21 jun
micex 2252.42 -0.17 16:49 21 jun
Stock Quotes in RUR
1D 1W 1M 1Y
GAZP
gazp 135.06 -1.35 16:33 21 jun
lkoh 4142.00 +0.24 16:33 21 jun
rosn 393.00 +0.72 16:33 21 jun
sber 210.19 -0.95 16:33 21 jun
MICEX Ruble Trading
1D 1W 1M 1Y
USDTD
EURTD 73.5650 -0.3350 14:59 21 jun
USDTD 63.6000 -0.4175 17:44 21 jun