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Mni russia business_press_release_2013_09

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Mni russia business_press_release_2013_09

  1. 1. London, 20 September 2013 MNI RUSSIA BUSINESS SENTIMENT EMBARGOED UNTIL 9.45 A.M. MOSCOW TIME, 20 SEPTEMBER 2013 MNI Russia Business Indicator Rose to 59.0 in September from 51.3 in August New Orders, Production Rise Strongly The MNI Russia Business Indicator bounced back strongly in September following a summer lull, increasing to 59.0 from 51.3 in August. Manufacturing firms reported a sharp improvement in conditions to the highest level since April, moving back into expansion following two months of contraction. Service sector firms showed a healthy pick-up in optimism while business conditions for construction companies fell but remained in expansion. In contrast to the improvement in current business conditions, expectations for the following three months worsened driven by a sharp drop in expectations of the construction sector. Out of the fifteen indicators on current conditions, thirteen showed an increase compared with August. Production rose back into the expansion area posting a monthly increase of 8.7 points to 58.0 in September from 49.3 in August led by strength in manufacturing. A recovery in manufacturing also helped boost New Orders to 61.5 in September from 51.5 in August, the highest since June. Firms also reported that their Financial Position had improved with the indicator rising to 61.4 in September from 53.6 in August. Commenting on the latest survey, MNI Indicators Chief Economist Philip Uglow said, “Business optimism bounced back strongly in September following the downturn seen in July and August”. “A strong rise in Production and New Orders suggests economic growth picked up towards the end of the third quarter,” he added. - ENDS - MediaRelease
  2. 2. Page 2 MNI Indicators | Deutsche Börse Group MediaRelease For further information, please contact: Naomi Kim, Public Relations naomi.kim@deutsche-boerse.com +1 212 669 6459 Arno Castanet, Marketing arno.castanet@mni-indicators.com +44 (0)20 7862 7434 Editorial Content: Philip Uglow, Chief Economist, MNI Indicators Notes to Editors Please source all information to MNI Indicators. MNI Russia Business Sentiment is a monthly poll of Russian business executives at companies listed on the Moscow Exchange. Companies are a mix of manufacturing, service, construction and agricultural firms.. Respondents are asked their opinion on whether a particular business activity has increased, decreased or remained the same compared with the previous month as well as their expectations for three months ahead, e.g. is Production higher/same/lower compared with a month ago? Diffusion indicators are then calculated by adding the percentage share of positive responses to half the percentage of those respondents reporting no change. An indicator reading above 50 shows expansion, below 50 indicates contraction and a result of 50 means no change. Data is collected through computer aided telephone interviews (CATI) and around 200 companies are surveyed each month. About MNI Indicators MNI Indicators, part of Deutsche Börse Group, offers unique macro-economic data and insight to businesses and the investment community. We produce data and intelligence that is unbiased, pertinent and responsive. Our data moves markets. For more information, visit our website at www.mni-indicators.com.

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