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
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 -
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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.