Markit: Russian business optimism strongest since June 2013

MOSCOW, Nov 13 (PRIME) -- Russia’s private business confidence has reached the maximum level since June 2013, researcher IHS Markit said in a research note on Monday.

“According to data from the latest IHS Markit Russia Business Outlook survey, private sector firms are the most optimistic regarding future business activity in over four years, reflecting the prospect of larger client bases and new product development,” the research said.

Companies in both the manufacturing and service sectors anticipate a solid expansion in new business in the next year, and goods producers’ expectations for new order growth are the strongest in over four years.

Employment levels are set to increase at a marked pace in the coming year. “October survey data indicates that firms’ expectations towards job creation are the highest in five years.”

End