LBC-RAEC Index Results for July

The Russian Association of Electrotechnical Companies and Lighting Business Consulting have presented the results of the Entrepreneur Confidence Index Survey in the electrotechnical industry for July 2019.

The LBC-RAEC Index in the electrotechnical industry in July increased by 11 points compared to June and reaching "+12" points value. The survey participants, representatives of leading electrical companies, complimented the results of their companies in the second summer month. 

The greatest impact on the growth of the overall industry mark was made by the growth of the “Sales (shipment) for the month” component of the index - most companies note that sales were better than the plan. According to the respondents’ assessments the following index components showed positive dynamics: Finished goods output (sales) plan for the next 3 months, demand (applications, orders, customer appeals), number of employees.