The demand level of Russian service industry sank at the end of 2018, reaching -13 percent in balance. A recovery of three percentage points was noted by the third quarter of 2019 relative to fourth quarter of 2018, when a demand balance of -10 percent was recorded.
Quarterly balance* of service industry demand in Russia from 1st quarter 2018 to 3rd quarter 2019
* 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 six thousand service organizations conducted by the Federal State Statistics Service.
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Higher School of Economics, & Institute for Statistical Studies and Economics of Knowledge. (October 22, 2019). Quarterly balance* of service industry demand in Russia from 1st quarter 2018 to 3rd quarter 2019 [Graph]. In Statista. Retrieved December 04, 2024, from https://www.statista.com/statistics/1047196/russia-demand-balance-in-service-industry/
Higher School of Economics, und Institute for Statistical Studies and Economics of Knowledge. "Quarterly balance* of service industry demand in Russia from 1st quarter 2018 to 3rd quarter 2019." Chart. October 22, 2019. Statista. Accessed December 04, 2024. https://www.statista.com/statistics/1047196/russia-demand-balance-in-service-industry/
Higher School of Economics, Institute for Statistical Studies and Economics of Knowledge. (2019). Quarterly balance* of service industry demand in Russia from 1st quarter 2018 to 3rd quarter 2019. Statista. Statista Inc.. Accessed: December 04, 2024. https://www.statista.com/statistics/1047196/russia-demand-balance-in-service-industry/
Higher School of Economics, and Institute for Statistical Studies and Economics of Knowledge. "Quarterly Balance* of Service Industry Demand in Russia from 1st Quarter 2018 to 3rd Quarter 2019." Statista, Statista Inc., 22 Oct 2019, https://www.statista.com/statistics/1047196/russia-demand-balance-in-service-industry/
Higher School of Economics & Institute for Statistical Studies and Economics of Knowledge, Quarterly balance* of service industry demand in Russia from 1st quarter 2018 to 3rd quarter 2019 Statista, https://www.statista.com/statistics/1047196/russia-demand-balance-in-service-industry/ (last visited December 04, 2024)
Quarterly balance* of service industry demand in Russia from 1st quarter 2018 to 3rd quarter 2019 [Graph], Higher School of Economics, & Institute for Statistical Studies and Economics of Knowledge, October 22, 2019. [Online]. Available: https://www.statista.com/statistics/1047196/russia-demand-balance-in-service-industry/
