Russia Business Confidence
OECD standardised business confidence indicator (long-term average = 100).
Business Confidence in Russia increased to 104.10 points in Jan 2022 from 104.06 points in Dec 2021.
Russia Business Confidence — History
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Russia Business Confidence — analysis in simple words
Latest reading
Business Confidence in Russia increased to 104.10 points in Jan 2022 from 104.06 points in Dec 2021.
Over the last three months it rose once and fell twice.
Recent trend
A year earlier (Jan 2021) it was 102.25, so the latest figure is 1.85 higher.
Over the past five years the average was 101.48, with a range from 98.13 to 104.39. The latest value is above that five-year average.
Historical context
This data series starts in Sep 1992 and has 353 monthly observations. The latest reading is higher than 99% of all of them.
The highest value on record is 104.39 (Oct 2021) and the lowest is 90.86 (Mar 1994). The long-run average is 100.00.
Statistics
- Latest
- 104.10Jan 2022
- Previous
- 104.06
- 5-year average
- 101.48
- Long-run average
- 100.00since Sep 1992
- All-time high
- 104.39Oct 2021
- All-time low
- 90.86Mar 1994
- Observations
- 353Monthly
Recent Data
| Period | Value | Change |
|---|---|---|
| Jan 2022 | 104.10 | ▲ +0.04 |
| Dec 2021 | 104.06 | ▼ −0.12 |
| Nov 2021 | 104.18 | ▼ −0.21 |
| Oct 2021 | 104.39 | ▲ +0.01 |
| Sep 2021 | 104.38 | ▲ +0.06 |
| Aug 2021 | 104.32 | ▲ +0.22 |
| Jul 2021 | 104.10 | ▲ +0.25 |
| Jun 2021 | 103.85 | ▲ +0.43 |
| May 2021 | 103.42 | ▲ +0.45 |
| Apr 2021 | 102.97 | ▲ +0.25 |
| Mar 2021 | 102.72 | ▲ +0.20 |
| Feb 2021 | 102.51 | ▲ +0.26 |
| Jan 2021 | 102.25 | ▲ +0.17 |
| Dec 2020 | 102.08 | ▲ +0.05 |
| Nov 2020 | 102.03 | ▲ +0.32 |
| Oct 2020 | 101.71 | ▲ +0.30 |
| Sep 2020 | 101.41 | ▲ +0.30 |
| Aug 2020 | 101.12 | ▲ +0.61 |
| Jul 2020 | 100.51 | ▲ +0.89 |
| Jun 2020 | 99.61 | ▲ +0.94 |
| May 2020 | 98.68 | ▲ +0.55 |
| Apr 2020 | 98.13 | ▼ −0.57 |
| Mar 2020 | 98.70 | ▼ −0.77 |
| Feb 2020 | 99.47 | ▼ −0.57 |
| Jan 2020 | 100.04 | ▼ −0.38 |
| Dec 2019 | 100.42 | ▼ −0.27 |
| Nov 2019 | 100.69 | ▼ −0.14 |
| Oct 2019 | 100.83 | ▼ −0.07 |
| Sep 2019 | 100.90 | ▲ +0.09 |
| Aug 2019 | 100.81 |
Business Confidence — Russia vs Peers
Latest available reading for each economy (periods may differ). Russia highlighted.
More Russia indicators
Understanding Business Confidence — a simple guide
What it measures
The OECD standardised business confidence indicator, based on surveys asking companies about production, orders and stocks.
How it is calculated
Survey answers from businesses are combined and standardised by the OECD so that 100 equals the long-term average.
A reading of 101.5 means businesses are somewhat more optimistic than their long-run norm.
High confidence often comes before more investment and hiring.
Low confidence often comes before cuts in production and investment.
Why it matters for the economy and markets
Confident businesses tend to invest and hire more, so this survey often moves ahead of actual production and employment data.
How to read it
100 is the long-term average. Values above 100 mean companies are more optimistic than usual; below 100, more pessimistic.
What to look at alongside it
Industrial production, PMI-type surveys and the leading indicator.
Key terms
- Survey indicator
- Based on opinions of managers rather than measured output.
Data source
OECD — Organisation for Economic Co-operation and Development (series OECD business confidence (BCI)), monthly data from Sep 1992 to Jan 2022. Values are shown exactly as published by the source and may be revised later.
How to use the chart
Use the 5Y / 10Y / 25Y / Max buttons to change the time range, or drag the slider under the chart. Hover (or tap) on the line to see the exact value for any period. Dashed lines and hatched bars are IMF projections, not actual data. The “Download CSV” button gives you the full data series.
Frequently asked questions
What is the current business confidence of Russia?
What is the highest and lowest business confidence of Russia?
What does business confidence measure?
Data are sourced from official international organisations (IMF, World Bank, BIS) and national authorities, and are shown for educational and informational purposes only. They are not investment advice and no recommendation is made. Figures may be revised by the source; IMF figures for the current and future years are projections. This page was last updated on Saturday, October 17, 2026.