Over the past year, the level of activity and optimism in the industrial sector of the Russian economy has reached its maximum. Following the initiation of international sanctions, at the beginning of this month, the satisfaction rate of local companies with the current demand volume for the products was 61%. informs RBC cites the results of a survey conducted by analysts at the Economic Policy Institute (IEP) named after Yegor Gaidar.
“The indicator reflecting the level of satisfaction with the realized sales is also kept at a very high level. The article says that in February, the share of normal (i.e. satisfactory) estimates of current demand volumes was 61%, corresponding to or even exceeding “quiet” years.
At the same time, the dynamics of actual changes in demand for products of the industrial sector of the Russian economy remain at a level close to zero. The IEP noted that this indicator is at its highest level since the conflict in Ukraine began to escalate at the end of February 2022.
“Now this indicator is at approximately zero (in 2021 and in the post-COVID economic recovery period, it was on a positive plane until February 2022). In February 2023, the index reached its highest value since the end of February 2022, and its value even exceeded the level of the non-crisis 2018-2019 years.
2 March S&P Global analysts sent According to the results of the study, in February of this year, the index of commercial activity (PMI) in the industrial sector of the Russian economy reached its maximum level in the last 6 years and was realized as 53.6 points. For comparison, it was around 52.6 in January.