Statistics: Business confidence rises in processing industries Feb

MOSCOW, Feb 28 (PRIME) -- Russia’s business confidence index increased by 0.6 percentage point on the year in the processing industries and fell by 3.7 percentage points in the mineral production sector in February, the Federal State Statistics Service said in a statement on Friday.

“The business confidence index, which reflects generalized entrepreneurs’ behavior, decreased to minus 3% in the mineral production sector, but it rose to minus 2% in the processing industries,” the statement read.

The economic situation in a company was deemed positive by 14% of managers and satisfactory by 71% of managers in the production of raw materials, while the figures for the processing industry stood at 10% and 74%, respectively.

A better situation in the next six months was expected by 21% 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 14 percentage points, and in the processing industry by 24 percentage points.

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