Business Tendency Surveys: Business Situation: Economic Activity: Services: Tendency for Russia
RUSBVBUTE02STSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-15.00
Year-over-Year Change
150.00%
Date Range
1/1/2012 - 10/1/2021
Summary
The 'Business Tendency Surveys: Business Situation: Economic Activity: Services: Tendency for Russia' trend measures Russian service sector firms' assessments of current and expected economic conditions.
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 tracks the business climate in Russia's service industry, providing insights into economic sentiment and activity. It is a key barometer for monitoring the health and trajectory of the Russian services sector.
Methodology
The data is collected through surveys of service businesses in Russia.
Historical Context
Policymakers and analysts use this trend to gauge the overall strength of the Russian economy.
Key Facts
- Russia's service sector accounts for over 60% of its GDP.
- The business tendency indicator ranges from -100 to +100, with positive values signaling optimism.
- This trend is released monthly by the Russian Federal State Statistics Service.
FAQs
Q: What does this economic trend measure?
A: This trend measures the business climate and economic activity in Russia's service sector, based on surveys of service firms.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides valuable insights into the health and direction of the Russian economy, as the services sector is a major driver of economic growth.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of Russian service businesses.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to monitor the strength of the Russian economy and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is released monthly with a relatively short delay, providing timely insights into the Russian services sector.
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Citation
U.S. Federal Reserve, Business Tendency Surveys: Business Situation: Economic Activity: Services: Tendency for Russia (RUSBVBUTE02STSAQ), retrieved from FRED.