of entrepreneurs in service industries reported a decrease in consumer demand for their services in the fourth quarter of 2015.
Only 14% of company heads reported an increase in demand. This means the balance sheet climbed to an all-time high over four years of monitoring (-16%).
This data is shown in the new Monitoring of the Business Climate in Service Industries in Q4 2015, prepared by the Centre for Business Tendency Studies at the HSE Institute for Statistical Studies and Economics of Knowledge. The review is based on the results of selective surveys of heads of 5,600 service providing companies (and is carried out quarterly by the Federal State Statistics Service).
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.