For the fifth time, Deloitte, the CIS, presented its annual analytical review of the manufacturing sector in Russia – 2019. The report is based on the responses of 108 companies from four sectors of the industry
Russia: metallurgy and production of metal products, automobile companies, chemical industry, production of industrial equipment.
According to the report, the perception of the current state of the manufacturing sector continues to improve for the third consecutive year (for the year, the balance sheet indicator increased by 28 percentage points, pp). perception
The individual status of manufacturing companies remains optimistic: the positives outperform the negative ones by 70%.
At the same time, the estimates of the prospects for the development of the industry are more positive than in the previous year (for the year the balance sheet indicator increased by 12 pp). The level of optimism about
the prospects for development of their own company also increased by 10 pp.
Despite the decline in the proportion of negative assessments of the current situation, they have become more categorical: the proportion of clearly negative assessments increased from 9% to 22%).
During the year, the sentiment in the chemical industry changed (the proportion of negative estimates decreased by 19 pp), which made this industry the most positive of the current
the state of the manufacturing sector in Russia: the share of pessimists was only 16%.
Also during this period, the share of optimists in the automotive companies increased significantly (by 24 pp). At the same time, the proportion of negative evaluations remains the highest and
Respondents identified the top 5 factors that drive industry development in 2019:
weakening administrative barriers
the cost of raw materials
professionalism and availability of staff
reducing geopolitical risks.
In this case, according to the survey, top-5 industry problems look like this:
imperfection of state regulation,
high level of taxation,
lack of government support and funding,
insufficient capacity and production and technical capacity.
Experts noted that during the year the importance of state support in the field of innovation implementation increased (by 31 pp), which indicates an increased need for quality
improving production capacity.
At present, 67% of manufacturing enterprises enjoy tax benefits: the most popular are those granted under regional investment projects (18%),
capital investment incentives (17%) and special investment contracts (SPICs) (11%) and outperforming territories
socio-economic development (TOSER) (10%).
According to the respondents, strengthening of the ruble exchange rate would in the near future lead to increase of competitiveness in the domestic market (balance indicator – + 40%) and the foreign market (+ 31%), as well as growth
interest in companies from foreign investors (+ 33%).
The preferences of manufacturing companies in terms of changes in the dollar and euro are as follows: 42% are interested in strengthening the ruble; 16% – in the weakening of the ruble; 42% are interested in
no change, with more than 19% of companies more concerned with the stability of the course than its specific indicator. The most interested in strengthening the ruble is the industrial manufacturers
equipment (balance ratio is + 34%), the smallest is chemical industry (balance + 16%).
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