Survey of Current Business (January-April 2023)

Sergey P. Aukutsionek – Head of Center for Transition Economy Studies, Primakov National Research Institute of World Economy and International Relations, Russian Academy of Sciences, Candidate of Economic Sciences (Moscow, Russia). E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

Andrey S. Yegorov – Senior Researcher of the Center for Transition Economy Studies, Primakov National Research Institute of World Economy and International Relations, Russian Academy of Sciences, Candidate of Economic Sciences (Moscow, Russia). E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

Inessa A. Bachirova – Researcher of the Center for Transition Economy Studies, Primakov National Research Institute of World Economy and International Relations, Russian Academy of Sciences (Moscow, Russia). E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

Tatyana V. Serzhantova – Researcher of the Center for Transition Economy Studies, Primakov National Research Institute of World Economy and International Relations, Russian Academy of Sciences (Moscow, Russia). E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

In January 2023, labor utilization rate reached 98% (of the normal monthly level, taken as 100%). This is the maximum value in the entire history of REB’s observations, although once already seen in March 2022. The diffusion indices of expected in three months’ changes of the indicators of wages (69%), order-book level (64%), employment (60%), financial condition (55%) looked very optimistic. The expected in three months’ diffusion index of output (67%), which increased by considerable 24 points from last month can be especially pointed out. The share of those who approved of the economic policy reached the highest value in the history of observations (41%), but it was already so high in September 2022, and the share of disapproving ones fell to 0% for the first time ever.

Key words: Russia, industry, industrial enterprises, price level, wages, employment, output, investment, indebtedness to banks, order-book level, stocks of finished products, capacity utilization rate, financial situation, production restrictive factors.

JEL-codes: D22, D24, G31, L23, P23.