Business Tendency Surveys: Employment: Economic Activity: Services: Tendency for Russia
RUSBVEMTE02STSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-5.00
Year-over-Year Change
-37.50%
Date Range
1/1/2013 - 10/1/2021
Summary
The 'Business Tendency Surveys: Employment: Economic Activity: Services: Tendency for Russia' measures sentiment among Russian service sector firms regarding employment levels. It provides an important indicator of near-term economic conditions and labor market trends.
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 tracks the tendency or direction of change in employment at Russian service sector businesses. It serves as a forward-looking gauge of hiring plans and workforce dynamics within the services industry.
Methodology
The data is collected through monthly surveys of Russian service providers.
Historical Context
Policymakers and analysts use this metric to assess the health of the Russian service economy and labor market.
Key Facts
- The survey has been conducted monthly since 1992.
- The indicator ranges from -100 to +100, with positive values signaling employment growth.
- Russia's services sector accounts for over 60% of GDP.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the tendency or expected change in employment levels at Russian service sector businesses, providing insight into near-term labor market conditions.
Q: Why is this trend relevant for users or analysts?
A: The employment tendency in Russia's services industry is an important barometer of overall economic activity and can help forecast broader economic and labor market trends.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of Russian service providers.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the health of the Russian service economy and labor market, informing decisions around monetary, fiscal, and employment policies.
Q: Are there update delays or limitations?
A: The data is published monthly with a short lag, providing timely insights into the Russian services sector.
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Citation
U.S. Federal Reserve, Business Tendency Surveys: Employment: Economic Activity: Services: Tendency for Russia (RUSBVEMTE02STSAQ), retrieved from FRED.