Name: Russia Business Confidence
Creator: TRADING ECONOMICS
License: https://creativecommons.org/licenses/by/4.0/
Keywords: Russia,Business Confidence,data,chart,actual,historical,values,calendar,forecast,graph,2023,2024,2025

Business Confidence in Russia increased to 6 points in March from 5.20 points in February of 2024. Business Confidence in Russia averaged -0.24 points from 2019 until 2024, reaching an all time high of 6.50 points in November of 2023 and a record low of -8.30 points in April of 2020. source: Federal State Statistics Service

Business Confidence in Russia is expected to be 6.30 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Russia Business Confidence is projected to trend around 5.00 points in 2025 and 5.30 points in 2026, according to our econometric models.

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Related	Last	Previous	Unit	Reference
Business Confidence	6.00	5.20	points	Mar 2024
Capacity Utilization	62.00	60.00	percent	Mar 2024
Car Production	56.90	42.10	Thousand Units	Feb 2024
Changes in Inventories	1669.70	779.50	RUB Billion	Sep 2023
Corporate Profits	4600.00	2400.00	RUB Billion	Feb 2024
Industrial Production YoY	4.00	8.50	percent	Mar 2024
Industrial Production Mom	8.50	1.70	percent	Mar 2024
Manufacturing Production	6.00	13.50	percent	Mar 2024
Mining Production	4.00	2.10	percent	Mar 2024

Russia Business Confidence

In Russia, the business confidence index measures morale among manufacturers. The index is calculated as the arithmetic average balances of assessments of actually existing levels of demand, stocks of finished products (with opposite sign) as well as change in output expected in the next 3 months. The index shows the difference between the percentage share of executives that are optimistic and the percentage of that is pessimistic. The index takes a value between -100 (all responding entities asses their situation as poor and expect it to become worse) up to 100 (all participants are satisfied with the current situation and expect it to improve); 0 indicates neutrality.