In July 2018, quite a significant part of REB’s indicators showed a noteworthy deterioration in values, especially against the background of exceptionally favorable indicators of the previous month. Thus, the diffusion index of output «lost» 16 percentage points, and of wages - 11. Equally alarming negative dynamics was demonstrated by some three-month expectations of diffusion indices: for example, the index of order-book level declined by 16 percentage points, and of employment even by 20. Capacity utilization rate significantly decreased; the share of financially sound enterprises became smaller by 17 percentage points, and the share of enterprises that did not purchase equipment for 2 or more months in a row, on the contrary, increased by 16 points.