of entrepreneurs working in the wholesale trade sector reported a decline in sales in the third quarter of 2014. Companies are complaining of low demand and a collapsing range of products sold.
The situation is being aggravated by a rise in prices, with 65% of wholesalers indicating that they had increased prices. This is partly explained by the behaviour of suppliers: 70% of companies noted an increase in the prices of goods. The greatest increase was seen in companies working with in the food, perfume and cosmetics industries, as well as in pharmaceuticals.
This information is presented in a new Monitoring the Business Climate in the Wholesale Sector report by the Centre for Business Tendency Studies at the HSE’s Institute for Statistical Studies and Economics of Knowledge (ISSEK).
was the level to which the business confidence index in the service sector fell in the first quarter of 2015. This is a record decline. For the year, the value of the index has fallen by 10 percentage points.
of entrepreneurs in the retail sector reported that they had reduced headcount in their organizations in the fourth quarter of 2014. Compared with the beginning of the year, the trend with respect to headcount reductions has doubled.