index of business confidence in Russia in October increased by 4.3 p. p.

The index of business confidence of Russian companies, reflecting the state of entrepreneurial behavior, in October 2016 compared with October 2015, the average increased by 4.3 p. P., From the data of Rosstat. In the extractive industries index rose to minus 5 to minus 3%, in manufacturing - from minus 11 to minus 6%, in the production and distribution of electricity, gas and water - from 2 to 8%. "The magnitude of the index of business confidence is significantly affected by the seasonal nature of production", - explained in the statistical department. Among the respondents, in September the number of managers optimistic configured to output growth over the next three months exceeds the number is expected to decline in output in the mining sector by 4 pp in the manufacturing sector -.. 12 pp.. 16% of executives expect an improvement of the economic situation in the area of mining in the next six months, in manufacturing - 22%. The average level of capacity utilization, according to the executives surveyed companies, 64% in September. 91% of respondents believe that their production capacity will ensure the satisfaction expected in the next six months, demand for products, 12% of them point to the redundancy of the existing capacities. According to respondents, the uncertainty of the economic situation, the lack of demand for the products of the domestic market and the high level of taxation are the main factors that limit the growth of production in mining and manufacturing industries.