Statistics: Nov business confidence index up in mineral production

MOSCOW, Nov 27 (PRIME) -- The Russian business confidence index increased 6 percentage points in November compared with December 2016 in the mineral procution industry and 4 percentage points in the processing industry, the Federal State Statistics Service said in a statement on Monday citing a poll of more than 3,000 companies.

“The business confidence index, which reflects generalized entrepreneurs’ behavior, increased to minus 1% in November 2017 from minus 7% in December 2016 in the mineral production sector, and to minus 4% from minus 8% in the processing industry, but fell to 5% from 6% in provision of power, gas and steam, and in air conditioning,” the statement read.

The economic situation in a company was deemed positive by 11% of managers and satisfactory by 75% of managers in the mineral production industry, while the figures for the processing industry stood at 9% and 75%, respectively. The amount of people seeing the current economic situation as bad exceeded the amount of optimists by 1 percentage point in mineral production and by 6 percentage points in the processing industry.

Improvement of the situation in the mineral extraction industry in the next six months was expected by 21% of respondents, 11 percentage points more than the number of respondents forecasting a worse situation. The number of optimists in the processing sector stood at 26% of respondents, 18 percentage points more than the amount of pessimists.

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