LBC-RAEC Index Results for June

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 June 2019.

ECI is an indicator that allows, based on the answers of company executives about product balance, demand and the predictions regarding further output, to characterize economic activity and provide pre-emptive information about possible fluctuations of economic variables.

The LBC-RAEC Index in the electrotechnical industry in June returned to the positive values, rising by 3 points compared to May and reaching "+1" point. Among the survey participants, representatives of leading electrical companies, positive assessments of the industry prevail.

An increase in demand (requests, orders, customer requests) and sales (shipments) had the greatest impact on the growth of the overall industry assessment. The plans for output (sales) of finished products for the next 3 months remain unchanged.

Two components of the LBC-RAEC Index decreased compared to May. These are the number of employees (decrease by 2 points) and stock balance of finished products for the month.