Business Tendency Surveys (Manufacturing): Confidence Indicators: Composite Indicators: National Indicator for Russia
BSCICP02RUM460S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.08
Year-over-Year Change
-259.71%
Date Range
9/1/1992 - 1/1/2022
Summary
The Business Tendency Surveys (Manufacturing): Confidence Indicators: Composite Indicators: National Indicator for Russia tracks overall confidence in the Russian manufacturing sector. This metric is closely watched by economists and policymakers to gauge the health of the broader Russian economy.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This indicator aggregates several survey-based measures of business confidence, including assessments of current and expected production, order books, and other factors. It provides a comprehensive snapshot of sentiment and optimism among Russian manufacturing firms.
Methodology
The data is collected through monthly surveys of Russian manufacturing companies.
Historical Context
This indicator is used by the Central Bank of Russia and international institutions to inform monetary and fiscal policy decisions.
Key Facts
- The indicator ranges from 0 to 100, with 50 as the neutral level.
- Values above 50 signal optimism, while values below 50 indicate pessimism.
- The indicator has shown volatility in recent years amid economic and geopolitical uncertainty.
FAQs
Q: What does this economic trend measure?
A: This indicator measures overall confidence and optimism among manufacturing firms in Russia. It aggregates several survey-based metrics to provide a comprehensive assessment of the sector.
Q: Why is this trend relevant for users or analysts?
A: The Russian manufacturing confidence indicator is a closely watched barometer of the broader economy. It offers insights into production, investment, and hiring plans that are crucial for policymakers and market participants.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of Russian manufacturing companies.
Q: How is this trend used in economic policy?
A: The Central Bank of Russia and international institutions use this indicator to inform monetary and fiscal policy decisions, as it provides valuable insights into the health and outlook of the Russian industrial sector.
Q: Are there update delays or limitations?
A: The indicator is published monthly with a short lag, providing timely information. However, survey-based data can be subject to biases and may not fully capture all economic activities.
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Citation
U.S. Federal Reserve, Business Tendency Surveys (Manufacturing): Confidence Indicators: Composite Indicators: National Indicator for Russia (BSCICP02RUM460S), retrieved from FRED.