Statistics: Nov business confidence falls in production, processing

MOSCOW, Nov 27 (PRIME) -- Russia’s business confidence index decreased by 4 percentage points in the producing and by 5.7 percentage points in the processing industries in November, the Federal State Statistics Service said on Friday.

“The business confidence index, which reflects generalized entrepreneurs’ behavior, amounted to minus 4.0% in the mineral production sector and to minus 5.7% in the processing industries in November 2020,” the statement said.

The economic situation in a company was deemed positive by 10% of managers and satisfactory by 73% of managers in the production of raw materials, while the figures for the processing industry stood at 9% and 73%, respectively.

A better situation in the next six months was expected by 17% of respondents in the mineral production industry and 22% in the processing industry. The number of optimists in the mineral production sector exceeded the amount of pessimists by 8 percentage points, and in the processing industry by 10 percentage points.

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