There is someone to sell, there is no one to make // Monitoring of business activity

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Leading indicators of the state of the industry in May continue to record a decrease in optimism – for example, Rosstat recorded a decrease in business confidence indices in April: in production – to 3% (minus 1 p.p. compared to March), in processing – to 3.4% (minus 0.7 p.p.), after the index’s reading of 4.1% in March was the highest since 2017. Earlier, S&P Global experts, when calculating the April PMI index of the manufacturing industries of the Russian Federation, also noted a slowdown in the growth of business activity due to an increase in the logistics costs of enterprises and attempts to transfer them to selling prices, which reduces demand.

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