Statistics: Business confidence rises in processing industries Aug

MOSCOW, Aug 27 (PRIME) -- Russia’s business confidence index increased by 1 percentage point on the year in processing industries in August and remained flat in mineral extraction, the Federal State Statistics Service said on Tuesday.

“The business confidence index, which reflects the generalized state of entrepreneurial behavior from August 2018 till August 2019: remained flat in the extraction sector and rose from -3% to -2% in the processing industry,” the service said.

The economic situation in a company was deemed positive by 13% of managers and satisfactory by 74% of managers in the production of raw materials, while the figures for the processing industry stood at 11% and 74%, respectively.

A better situation in the next six months was expected by 24% of respondents in the mineral production industry and 27% in the processing industry. The number of optimists in the mineral production sector exceeded the amount of pessimists by 17 percentage points, and in the processing industry by 19 percentage points.

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