The Bank of Russia reported that its Business Climate Index reached 2.1 points in August, up from 1.3 points in July.
According to the central bank, current output estimates from enterprises have decreased. However, short-term expectations for both output and demand among companies were more positive compared to the previous month. The bank also noted a slight increase in business price expectations.
Further information is available in the August issue of the Bank of Russia’s information and analytical commentary titled “Monitoring of Businesses: Assessments, Expectations and Comments.”
