In July 2016, many indicators have slightly deteriorated compared with the preceding relatively optimistic report of June. Within a month the diffusion index of output fell by 6 percentage points, and his three-month expectations - by 8 points. By 5 points increased the diffusion index of stocks of finished products. The diffusion index of three-month expectations of employment declined by 7 points and of the order-book level - by 9. Noticeably decreased the share of financially sound enterprises (-12 percentage points). Comparison of July 2016 with July 2015 nevertheless maintained a positive mood of past surveys. Compared to last year’s figures the best situation can be observed in the dynamics of the reduction and the increase of stocks and the number of financially sound enterprises.