CIS Occupies Last Positions in FBK Anti-Crisis Efficiency Index
OREANDA-NEWS. July 29, 2009. According to results of calculation of new anti-crisis efficiency index CIS representatives shared three final positions. Russia, just as a month ago, kept position one from the bottom. Current data of national statistics services let FBK assess resultativeness of anti-crisis measures taken in April 2009. According to results of calculation of new anti-crisis efficiency index, CIS representatives shared the last three positions. Russia, just as a month ago took the last but one position, reported the press-centre of FBK.
Providing comments upon the new Index, Igor Nikolaev, Director of Strategic Analysis Department noted that positions of the USA and Kazakhstan have changed most noticeably, they moved in the rating up from the sixth place to the third one, mostly because the trend for reduction of gold and currency reserves switched to building-up (the country took the first out of eight places, according to this showing, in April 2009. In the USA the stock index recovers faster than in other countries. However Kazakhstan showings in April got worse, vice versa. This concerns retail turnover, producers’ price indices, unemployment level, stock index, amount of gold and foreign currency reserves. Hence Kazakhstan got down from the fourth to the sixth place. However, among the countries present in the CIS rating, Kazakhstan keeps the leading positions.
In April, comparing to March, 2009, dynamics of all considered showings, except for stock index and price dynamics (in comparison to the relevant period of 2008). However the worst indices of dynamics of industrial production volume and retail turnover along with very poor showings of foreign commerce, stock index and gold and foreign currency reserves continuously belong to Ukraine. It occupies the final rating position and the lag in relation to other countries has increased.
In April economic showings of Germany have considerably deteriorated. In comparison to March depth of recession of industrial production has increased more than twice (downfall in March 2009 in comparison to March 2008 amounts to 12,1%, similar April showing is 26,6%. More severe downfall concerns showings of export, foreign commerce turnover; reduction of gold and currency reserves has started.
However, analysts notice that Great Britain restored the first place. This became feasible due to improvement of retail turnover, amount of gold and currency reserves and industrial production volume.
On the whole, according to Igor Nikolaev, lots of March trends in dynamics of economic showings remained in April. Export downfall has got deeper almost in all countries (April showing against last year showing), at the same time depth of stock index downfall has decreased.
FBK continues calculating anti-crises efficiency index.
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