Business Tendency Surveys: Demand Evolution: Economic Activity: Services: Tendency for Russia
RUSBVDETE02STSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-13.00
Year-over-Year Change
0.00%
Date Range
1/1/2012 - 10/1/2021
Summary
The 'Business Tendency Surveys: Demand Evolution: Economic Activity: Services: Tendency for Russia' measures the evolution of demand for services in the Russian economy, providing insights into the country's economic activity.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This economic trend tracks survey responses from Russian service sector businesses on their perceptions of demand over time. It offers a forward-looking indicator of the overall health and direction of the service industry, which is a crucial component of Russia's economy.
Methodology
The data is collected through monthly business surveys conducted by the Federal State Statistics Service of Russia.
Historical Context
This indicator is closely monitored by policymakers and analysts to assess the state of the Russian economy and inform policy decisions.
Key Facts
- The survey has been conducted monthly since 2007.
- The indicator ranges from -100 to 100, with positive values signaling expansion.
- Russia's service sector accounts for over 60% of its GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the evolution of demand for services in the Russian economy, as reported by businesses in the service sector.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides important insights into the overall health and direction of Russia's service industry, which is a crucial component of the country's economy.
Q: How is this data collected or calculated?
A: The data is collected through monthly business surveys conducted by the Federal State Statistics Service of Russia.
Q: How is this trend used in economic policy?
A: This indicator is closely monitored by policymakers and analysts to assess the state of the Russian economy and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly, with a typical release lag of around one month.
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Citation
U.S. Federal Reserve, Business Tendency Surveys: Demand Evolution: Economic Activity: Services: Tendency for Russia (RUSBVDETE02STSAQ), retrieved from FRED.