Statistics: Russia’s July business confidence rises in production

MOSCOW, Jul 22 (PRIME) -- Russia’s Business Confidence Index fell in the production and distribution of power, gas and water in July compared with December 2015, but grew in the processing and mineral production industry, the Federal State Statistics Service said in a statement Friday citing a poll of 3,100 companies.

“The Business Confidence Index, which reflects generalized entrepreneurial behavior, rose to 2% in July 2016 from minus 5% in December 2015 in the mineral production industry, increased to minus 3% from minus 11% in the processing industry, and fell to minus 4% from 2% in the production and distribution of power, gas and water,” the statement read.

The improvement of the situation the mineral extraction industry in the next six months was expected by 21% of respondents, 17 percentage points more than the respondents forecasting a worsening situation. The number of optimists in the processing sector stood at 26% of respondents, 17 percentage points more than the amount of pessimists.

End