Expectations of managers about changes in business environment over the next six months deteriorated. The value of the index of business expectations has decreased to 0.06 in July/August (in April - 0.16). There is a simultaneous drop in the share of “optimists” (from 26.9% to 17.6%) and “pessimists” (from 15.7% to 10.2%). Share of respondents that do not expect any changes of the overall economic situation over the next six months increased from 57.4% in April to 72.2.% in July.
Source: IER Business Surveys
