72%
of Russian managers at small industrial companies note that one of the main factors limiting production is the uncertainty surrounding the current economic situation.
Among representatives of medium and large industrial enterprises, only half as many managers (35%) speak about this problem. Companies’ financial stability, the various ways relationships with suppliers and customers take shape, as well as formal and informal links with government agencies allow them to depend less on external economic changes.
At the same time, a significant portion of small businesses does not really understand what is happening with the country’s economy, which hinders their development. Two thirds of small businesses are practically not making investments, although they feel the growth of production costs and have difficulties in gaining access to financing.
These data are presented in a new Monitoring the Business Climate in Small Industrial Organizations study published in the second half of 2014 by the Centre for Business Tendency Studies at the HSE’s Institute for Statistical Studies and Economics of Knowledge.
See also:
30%
of entrepreneurs in service industries reported a decrease in consumer demand for their services in the fourth quarter of 2015.
2%
of representatives of small manufacturing companies who are prepared to take out long-term loans to develop and modernize their operations would agree to do so at rates comparable to the current rates of 18-21%.
15%
of directors at Russian industrial companies in October reported a decrease in the number of employees compared to September.
72%
of managers at large and medium-sized Russian industrial companies report that the financial and economic situation of their enterprises was ‘satisfactory’.
+4%
was the index of business confidence in retail trade. The indicator’s value increased after six months of being in a critical zone near zero.
5%
of industrial managers view the current economic situation at their enterprises as ‘favourable’.
–14%
was the level to which the business confidence index in building materials production fell in May of this year.
-12%
was the level to which the business confidence index in the service sector fell in the first quarter of 2015. This is a record decline. For the year, the value of the index has fallen by 10 percentage points.
45%
of executives at industrial companies noted in February that uncertainty in Russia’s economic situation is preventing the development of their businesses.