Deutsche Boerse’s MNI: Russian companies mainly downbeat about business | EmergingMarkets.me:
"A survey by Deutsche Boerse-owned data provider MNI suggests that overall business sentiment among Russian companies has been increasingly negative as a result of western sanctions against Russia became predominantly pessimistic in May.
The mood of the country’s business community hit its lowest level last month May since last December and plunged by 11.2% since May 2013, MNI, a company with multiple offices across the world, said in reporting the findings of the latest of monthly surveys by its London-based research division MNI Indicators.
The polls involve interviews with executives at manufacturing, service, construction and agricultural firms – around 200 altogether – listed on Moscow Exchange.
Upbeat attitudes that built up in the run-up to the Sochi Winter Olympics have been eroding steadily since the US and European Union imposed their sanctions on Russia in March for its annexation of Crimea, according to MNI Indicators."
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