Date: 2 months ago   Category: Society

The Russian business ceased to hope for growth


Expectations of the Russian businessmen concerning own business and economy in general became the worst in five years, RBC with reference to data of the quarterly research "Support of Russia", Promsvyazbank and the Magram Market Research agency reports. As showed a research, in the fourth quarter 2018 the Purchasing Managers' Index of small and medium business (RSBI index) fell by 1.4 points in comparison with the third quarter and reached level 47.1 points. Level lower than 50 points speaks about decrease in business activity in the sector. Small business actually appeared in recession, large also has problems and is forced to cut down expenses. Increase in the VAT, reduction of privileges and preferences, growth of inflation to 5 percent, reduction of real income of the population affected business activity. The prospects of small business for 2019 estimated as "moderately negative". 68 percent of respondents reported that they do not hope for growth and will be engaged in optimization of expenses. In the next two years events which would become drivers of growth are not expected, experts note. The number of the new commercial organizations last year was reduced by 18.9 percent and was 316.9 thousand legal entities. Growth of elimination of commercial structures is in parallel noted. For 2018 because of bankruptcy liquidated 9.8 thousand companies. In total for 2018 644.1 thousand commercial structures stopped activity — it is 4.3 percent more, than in 2017. "The film of day" is more than important news in Telegram channel. Subscribe!

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