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Service industry turnover balance in Russia 2017-2020

The service industry turnover balance in Russia remained negative throughout the whole period under consideration. During the second half of 2020, the lowest level was recorded at -28 percent. By the third quarter of 2020, the revenue balance was set at -22 percent.

Service industry revenue balance in Russia from 1st quarter 2017 to 3rd quarter 2020

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Sources

Release date

October 2020

Region

Russia

Survey time period

Q1 2017 to Q3 2020

Number of respondents

Over 6,000**

Method of interview

Questionnaire

Supplementary notes

* Balance, as the source specifies, implies the difference in the shares of respondents who noted an increase and decrease in the value of the indicator compared to the previous period (quarter), or the difference in the shares of respondents who noted the level of the indicator as “above normal” and “below normal” in the reporting period (quarter).
** Based on quarterly market surveys of managers of more than 6 thousand service organizations conducted by the Federal State Statistics Service.
Data for 2017 were obtained from the previous report by the source.

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