Sergei Tsukhlo: Initial data on July deliver no optimism whatsoever

Head of Gaidar Institute's Business Surveys Laboratory Sergei Tsukhlo attended a round table on Industry in Russia: On the Eve of Stagnation? which was held under the auspices of RIANOVOSTI news agency on July 19, 2013.

With reference to an industrial managers survey conducted at Gaidar Institute, the expert pointed out that industrial product demand kept weakening, production kept declining, factory gate prices of industrial products kept falling, corporate investment plans showed negative values in the second half of the year, and the industrial sector had no plans to revive investment activity.