of directors at Russian industrial companies in October reported a decrease in the number of employees compared to September.
At the same time, 9% reported an increase in the number of employees at their enterprises.
The situation on the industrial labour market has remained virtually unchanged over the past two years. During this period, on a constant monthly basis, the share of enterprises that are reducing the number of employees has been higher than the share of those that have been adding employees.
These data are presented in a new Monitoring the Business Climate at Russian Industrial Enterprises study in October 2015 that was prepared by the Centre for Business Tendency Studies at the HSE Institute for Statistical Studies and Economics of Knowledge (ISSEK). The data used are based on the results of surveys of directors of 3,500 large and medium-sized industrial enterprises, which are conducted on a monthly basis by the Russian Federal State Statistics Service (Rosstat).
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.