Russia Changes In Inventories

Russia · Quarterly series · EC-RU-IC

Latest, Q2 2026

1.56T RUB

-2.6% from Q1 2026

Open interactive chartRussia Changes In Inventories in the app

3.414T1.09T-1.234TQ3 1996Q2 2027
History through Q2 2026, the forecast path to Q2 2027 (dashed) and its 80% interval (shaded).

Forecast

Forecast for Q2 2027: 1.47T RUB, with an 80% interval of -190.37B RUB to 2.90T RUB.

Forecast path. Intervals are shown where available.
PeriodForecast80% low80% high
Q3 20261.61T RUB-331.08B RUB3.41T RUB
Q4 20261.02T RUB-1.23T RUB3.18T RUB
Q1 20271.42T RUB450.75B RUB2.36T RUB
Q2 20271.47T RUB-190.37B RUB2.90T RUB

Model: Agentic Investor TSFM (foundation model). Forecast generated 2026-11-15.

AI confidence

Supported evidence

The point forecast beat the no-change baseline overall and in a majority of the evaluated tests.

Model: Agentic Investor TSFM (foundation model)

Accuracy vs naive
+29%Beats the no-change baseline over 8 tests (8 tests, 5 won)
Direction
78%No clear edge over a coin flip (25 of 32 calls right in 8 tests)
Turning points
15 of 18Anticipated most turns (18 turns in 8 tests, 0 without a turn)
Error vs baseline
29% lowerError ratio 0.71; 1.00 is a tie.
Tests won
5 / 8Complete rolling backtests; ties count as no win.
Test period
2018-09-01 to 2026-06-014 observations ahead per test.
80% band coverage
91%Observed outcomes inside the band across all stored test windows.
How this assessment is made

AI confidence describes historical evidence for this forecast, not a probability of being correct. Each backtest fits on data available before its test window. The baseline carries the last value forward. Supported evidence requires at least six complete, non-overlapping tests, an error ratio below 0.90 (rounded to two decimals), and wins in a majority of tests. Ratios from 0.90 to below 1.10 are on par; 1.10 or above is weak evidence. Inconsistent wins produce mixed evidence. For a selected model, only the recent tests excluded from model selection determine this label. These are historical simulations using the available data, not a live trading track record; revisions and foundation-model pretraining can limit how closely they reproduce a past decision. Past performance can change.

Replay past tests

Model comparison

Comparison pendingA new ticker first receives its serving model's forecast and evaluation. An eligible nightly batch can compare both candidates, subject to call budgets and retry limits.

Reading

It is above 77% of the 39 earlier readings since Q3 2016.

Written from the figures by a fixed template; no AI model is involved.

Recent history (24 observations)
The 24 most recent observations, newest first.
PeriodValue
Q2 20261.56T RUB
Q1 20261.60T RUB
Q4 20251.25T RUB
Q3 2025983.10B RUB
Q2 20251.93T RUB
Q1 20251.33T RUB
Q4 20242.32T RUB
Q3 20242.43T RUB
Q2 20241.35T RUB
Q1 20241.98T RUB
Q4 20231.31T RUB
Q3 20232.60T RUB
Q2 2023779.50B RUB
Q1 20231.39T RUB
Q4 2022-31.60B RUB
Q3 20221.31T RUB
Q2 2022141.40B RUB
Q1 2022991.60B RUB
Q4 2021564.60B RUB
Q3 20211.65T RUB
Q2 20211.45T RUB
Q1 20211.10T RUB
Q4 2020-342.90B RUB
Q3 20201.22T RUB

Source

Data: public market data feeds.

More from Agentic Investor

Also stored for Russia