Russian industry is slowing down on a broad front - this is confirmed by both official statistics and surveys of enterprises, although a number of current indicators look contradictory. A surge of pessimism in assessments of economic dynamics in May–June manifested itself not only on the sidelines of the St. Petersburg Economic Forum, but also in surveys of enterprises.

Russian industry is slowing down across the board, as confirmed by both official statistics and business surveys, although a number of current indicators appear contradictory. A surge of pessimism about economic dynamics in May–June was evident not only at the St. Petersburg Economic Forum but also in enterprise surveys.