Statistics: Business confidence falls in extraction in May

MOSCOW, Jun 3 (PRIME) -- Russia’s business confidence index decreased by 2 percentage points in the mineral extraction industry in May and rose by 1 percentage point in the processing industry, the Federal State Statistics Service said on Monday.

“The business confidence index, which reflects the generalized state of entrepreneurial behavior, decreased to 1% in May 2019 from 3% in May 2018 in the mineral extraction sector, increased from -2% to -1% in the processing industry, in the provision of electric power, gas and steam, air conditioning remained unchanged (-8%),” the service said.

The economic situation in a company was deemed positive by 14% of managers and satisfactory by 74% of managers in the production of raw materials, while the figures for the processing industry stood at 19% and 74%, respectively.

A better situation in the next six months was expected by 25% of respondents in the mineral production industry and 31% in the processing industry. The number of optimists in the mineral production sector exceeded the amount of pessimists by 21 percentage points, and in the processing industry by 24 percentage points.

End