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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.

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03.06.2019 16:29