2 percentage points
was the amount by which business confidence in industry grew over the last month, reaching the level of 3%.
Growth of one of the most conservative economic indicators can be interpreted as a notable improvement in business sentiment in industry for at least the last six months. The main driver of growth in the index was companies involved in distributing electricity, natural gas and water, which is typical for the beginning of the cold season in the autumn and winter.
At the same time, a slight decline continues in the number of people employed in large and medium-sized industrial enterprises. Moreover, profits are deteriorating, and entrepreneurs largely have a negative view when it comes to expected manufacturing inflation.
These data are presented in a new Monitoring the Business Climate in Industrial Organizations study that was conducted in the second half of 2014 by the Centre for Business Tendency Studies at the HSE Institute for Statistical Studies and Economics of Knowledge (ISSEK).