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Survey of Current Business (December 2022 – March 2023)
[Хозяйственное Обозрение (Декабрь 2022 Г. – Март 2023 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 December 2022, the diffusion index of wages increased by 9 percentage points and reached 71% – the highest value since 1993. The diffusion index of the order-book level added 10 points and equaled to 62% – maximum in the entire history of observations, although previously already achieved (for the last time in 2007). At the same time, the diffusion index of stocks of finished goods significantly decreased to 32%, which is very close to the minimum value in the entire history of observations. The three-month expectations of employment, wages and order-book level looked quite optimistic, which cannot be said about a similar indicator of output.

Suggested Citation

  • Sergey P. Aukutsionek & Andrey S. Yegorov & Inessa A. Bachirova & Tatyana V. Serzhantova, 2023. "Survey of Current Business (December 2022 – March 2023) [Хозяйственное Обозрение (Декабрь 2022 Г. – Март 2023 Г.)]," Russian Economic Development, Gaidar Institute for Economic Policy, issue 3, pages 21-28, March.
    • Handle: RePEc:gai:recdev:r2320
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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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