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Survey of Current Business (March-June 2023)
[Хозяйственное Обозрение (Март-Июнь 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 March 2023, the level of capacity utilization repeated the record of the previous month and for the third time in the entire history of REB’s observations (the first was recorded in October 2022) amounted to a maximum of 89% (from the normal monthly level taken as 100). The level of utilization of the available labor force came close to the maximum value for 31 years of observations, amounting to 97%. The diffusion index of the order-book level grew by 7 percentage points over the month and reached 64% – the highest value reached in the REB surveys since 1991. The diffusion index of three–month expectations of debt to banks, on the contrary, significantly decreased (by 12 points) and reached a historic low of 15%. The share of enterprises in «good» or «normal» financial condition amounted to 89% (in 30 years of observations it was higher only twice).

Suggested Citation

  • Sergey P. Aukutsionek & Andrey S. Yegorov & Inessa A. Bachirova & Tatyana V. Serzhantova, 2023. "Survey of Current Business (March-June 2023) [Хозяйственное Обозрение (Март-Июнь 2023 Г.)]," Russian Economic Development, Gaidar Institute for Economic Policy, issue 6, pages 23-31, June.
    • Handle: RePEc:gai:recdev:r2347
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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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