Statistics: Aug business confidence falls in production, processing

MOSCOW, Aug 27 (PRIME) -- Russia’s business confidence index decreased by 2 percentage points in the producing and by 4.7 percentage points in processing industries in August, the Federal State Statistics Service said on Thursday.

“The business confidence index, which reflects generalized entrepreneurs’ behavior, amounted to minus 2% in the mineral production sector and to minus 4.7% in the processing industries in August,” the statement said.

The economic situation in a company was deemed positive by 9% of managers and satisfactory by 73% of managers in the production of raw materials, while the figures for the processing industry stood at 8% and 71%, respectively.

A better situation in the next six months was expected by 20% of respondents in the mineral production industry and 26% in the processing industry. The number of optimists in the mineral production sector exceeded the amount of pessimists by 12 percentage points, and in the processing industry by 14 percentage points.

End