For more information, get in touch with our team:
+44 7918 53 08 73
Hint mode is switched on Switch off
  • High performance interface for global bond market screening
  • Full information on close to 500,000 bonds from 180 countries
  • 100% coverage of Eurobonds worldwide
  • Over 300 primary sources of prices
  • Ratings data from all international and local ratings agencies
  • Stock market data from 100 world trading floors
  • Intuitive, high speed user interface
  • Data access via the website, mobile application and add-in for Microsoft Excel

VTB: Russia Early Indicators - October

November 9, 2012
Early October indicators have drawn a mixed picture for the economy. On the one side, PMI indices improved substantially in October (thus giving some expectation that the economic performance will improve) but the first hard data (gas production, cargo turnover) was not so impressive. We keep our negative stance towards growth in Russia given the ongoing slowdown in lending activity, turnaround in the household savings ratio trend and negative fiscal impact on the economy (especially in 4Q12). The lower than expected October inflation reading could also be a sign of weakness in the economy.

Maxim Oreshkin, Daria Isakova, Dmitri Fedotkin, Mykyta Mykhaylychenko
VTB Capital analysts