Russian Business Investment Stalls in Third Quarter as Profits Fall, Uncertainty Persists
- Russian businesses continued to scale back investment in the third quarter as falling profits, weak demand and economic uncertainty weighed on spending plans, a Central Bank survey of 11,500 companies showed.
- The balance between companies reporting an increase in investment and those reporting a decline turned negative, according to the survey.
- It was also negative in the first quarter, when fixed capital investment plunged 14.3% year on year, its steepest fall since 2009 and during the pandemic in 2020.
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- Russian businesses continued to scale back investment in the third quarter as falling profits, weak demand and economic uncertainty weighed on spending plans, a Central Bank survey of 11,500 companies showed.
- The balance between companies reporting an increase in investment and those reporting a decline turned negative, according to the survey.
- It was also negative in the first quarter, when fixed capital investment plunged 14.3% year on year, its steepest fall since 2009 and during the pandemic in 2020.
Sources: Themoscowtimes