In the first nine months of 2022, the growth rate of equity investments in Russian companies reached its lowest level. The companies themselves reduce financing of investment projects at their expense, and also actively try to attract government and bank funds.
In annual terms, in January-September, the growth rate of capital investment amounted to 3.1%, in 2021 the three-quarter figure was 7.9%, Kommersant writes, citing Rosstat data.
A reduction in investment is observed in the sectors of the manufacturing industry, electrical equipment, vehicles and trailers, and finished medicines. During the reported period, investments in construction and mining, including oil and metals, increased.
In November, analysts noted a drop in business confidence: -3.7% after -3% in October and -1.7% in September.
Over the next six months, 13% of entrepreneurs expect an improvement in the economic situation in mining and processing. The RSPP Index also recorded a decline in trading activity: the indicator fell 0.4 points, with almost all index components declining.
According to Rosstat, the average level of capacity utilization in November this year is 58% in production and 60% in processing. Most companies are sure that this is enough, while the rest are sure that they are redundant.
Among the factors limiting the growth of production, companies have traditionally called the uncertainty of the economic situation, insufficient domestic demand and taxes.
Author:
karina pardaeva
Source: RB
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