Page 32 - RusRPTNov21

- in the extraction of minerals - (-0.8%); - in manufacturing industries - (-0.9%).
The balance of estimates of the heads of organizations of demand for products (order book) in September 2021 was:
- in the extraction of minerals - (-16%);
- in manufacturing industries - (-28%).
The number of optimists expecting an increase in production over the next 3 months exceeded the number of those expecting a decrease in production in September 2021:
- in the extraction of minerals by 10 percentage points (the share of respondents expecting an increase in output - 15% and expecting a decrease - 5%);
- in manufacturing by 17 percentage points (the share of respondents expecting an increase in output - 25%, a decrease - 8%).
In September 2021, the economic situation in their mining organization is considered favorable by 11%, and satisfactory by 77%, in manufacturing - 12% and 73%, respectively .
The number of optimists regarding the assessment of the current economic situation exceeds the number of pessimists in mining by 1 percentage point; in manufacturing, the number of pessimists exceeds the number of optimists by 3 percentage points.
An improvement in the economic situation in the next 6 months is expected in the extraction of
minerals by 16% of the respondents, in the manufacturing industries - 24%. At the same time, the number of optimists exceeded the number of those who expect a worsening of the economic situation in the next 6 months in mining by 9 percentage points and in manufacturing - by 17 percentage points.
The average level of utilization of production facilities in September 2021 was: - in the extraction of minerals - 59%;
- in manufacturing industries - 61%.
88% of executives of mining organizations and 89% of executives in manufacturing are confident that production capacity will meet the demand for products, of which 5% and 9% of respondents, respectively, indicate overcapacity.
Among the factors limiting, in the opinion of the leaders, the growth of production in the extraction of minerals and manufacturing industries are dominated by the uncertainty of the economic situation, insufficient demand for
32 RUSSIA Country Report November 2021 www.intellinews.com