Statistics: May business confidence falls in production, processing

MOSCOW, Jun 2 (PRIME) -- Russia’s business confidence index decreased by 6 percentage points in producing and by 9 percentage points in processing industries in May, the Federal State Statistics Service said on Tuesday.

“The business confidence index, which reflects generalized entrepreneurs’ behavior, amounted to minus 6% in the mineral production sector and to minus 9% in the processing industries in May,” the statement read.

The economic situation in a company was deemed positive by 9% of managers and satisfactory by 71% of managers in the production of raw materials, while the figures for the processing industry stood at 7% and 67%, respectively.

A better situation in the next six months was expected by 19% 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 5 percentage points, and in the processing industry by 9 percentage points.

End