Business Tendency Surveys: Composite Business Confidence: Economic Activity: Services for Russia
RUSBVCICP02STSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-7.00
Year-over-Year Change
75.00%
Date Range
1/1/2012 - 10/1/2021
Summary
The Business Tendency Surveys: Composite Business Confidence: Economic Activity: Services for Russia measures the overall confidence and expectations of Russian service sector businesses.
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 survey-based indicator provides insight into the current state and near-term outlook of the Russian service economy, which is a key driver of the country's overall economic performance.
Methodology
The data is collected through monthly surveys of Russian service sector firms.
Historical Context
Policymakers and analysts use this indicator to gauge business sentiment and anticipate changes in the services industry.
Key Facts
- The index ranges from 0 to 100, with values above 50 indicating positive sentiment.
- The services sector accounts for over 60% of Russia's GDP.
- Confidence levels are closely watched for signs of economic expansion or contraction.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the overall confidence and expectations of Russian service sector businesses, providing insight into the current state and near-term outlook of the services industry.
Q: Why is this trend relevant for users or analysts?
A: The services sector is a key driver of Russia's economy, so this indicator is closely watched by policymakers and analysts to gauge business sentiment and anticipate changes in the broader economic performance.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of Russian service sector firms.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this indicator to monitor the health of the Russian services industry and inform decisions related to economic and monetary policy.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with some potential for delays in the reporting of survey responses.
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Citation
U.S. Federal Reserve, Business Tendency Surveys: Composite Business Confidence: Economic Activity: Services for Russia (RUSBVCICP02STSAQ), retrieved from FRED.