#6226
[Second Issue of the Day]
#7
Finansovaya Rossia
No. 16
April 30, 2002
DEMAND CONTINUES FALLING
[from WPS Monitoring Agency, www.wps.ru/e_index.html]
The index of industrial optimism, experts of the Institute for Transition Period Economics assess on the basis of polls of over 900 Russian enterprises, grew in April from -1 to 0. However, experts of the institute are not inclined to consider it significant. Negative trends that became certain at the end of the last year, did not change in April. The solvent demand is still decreasing, stocks are growing, the enterprises are getting prepared to returning to non-monetary transactions. For the last five months sales of goods for money have fallen. Intensity of the fall is gradually decreasing, however, it is a fact: there has not been such a long and steady demand fall in the Russian industry since the beginning of 1999. Last month, money demand grew only in the chemistry, oil-chemistry, machine-construction, and construction materials industries. Enterprises of the majority of industries seem to have believed the situation is to develop negatively: for the first time since the 1998 default, they are planning personnel reductions.
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