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Survey of Current Business (February-May 2022)
[Хозяйственное Обозрение (Февраль-Май 2022 Г.)]

Author

Listed:
  • Sergey P. Aukutsionek

    (Primakov National Research Institute of World Economy and International Relations, Russian Academy of Sciences)

  • Andrey S. Yegorov

    (Primakov National Research Institute of World Economy and International Relations, Russian Academy of Sciences)

  • Inessa A. Bachirova

    (Primakov National Research Institute of World Economy and International Relations, Russian Academy of Sciences)

  • Tatyana V. Serzhantova

    (Primakov National Research Institute of World Economy and International Relations, Russian Academy of Sciences)

Abstract

In February 2022, the diffusion indices of output (56%), wages (55%), orders (53%) and employment (52%) looked quite optimistic. Similar indices of expected changes did not show noticeable dynamics, which cannot be said about the diffusion index of equipment purchases expected in three months, which decreased by 16 points and reached the lowest value since 2016. The share of enterprises where equipment was not purchased in February and will not be purchased in the next three months reached 46%. Furthermore, the share of enterprises that has not purchased equipment for 2 or more months in a row already amounted to 40%, for the first time since December 2019. The diffusion index of expected in three months incoming prices has reached 100%. In 30 years of observation, this has happened only once – in January 1993. In addition to the fact that all enterprises participating in the survey expect an increase in prices for purchased products in three months, the expected increase of the input prices will be 25%.

Suggested Citation

  • Sergey P. Aukutsionek & Andrey S. Yegorov & Inessa A. Bachirova & Tatyana V. Serzhantova, 2022. "Survey of Current Business (February-May 2022) [Хозяйственное Обозрение (Февраль-Май 2022 Г.)]," Russian Economic Development, Gaidar Institute for Economic Policy, issue 5, pages 39-46, May.
    • Handle: RePEc:gai:recdev:r2244
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    More about this item

    Keywords

    Russia; industry; industrial enterprises; price level; wages; employment; output; investment; indebtedness to banks; order-book level; stocks of finished products; capacity utilization rate; financial situation; production restrictive factors;
    All these keywords.

    JEL classification:

    • D22 - Microeconomics - - Production and Organizations - - - Firm Behavior: Empirical Analysis
    • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
    • G31 - Financial Economics - - Corporate Finance and Governance - - - Capital Budgeting; Fixed Investment and Inventory Studies
    • L23 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Organization of Production
    • P23 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - Factor and Product Markets; Industry Studies; Population

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