Regional Economy report: demand and business activity trend upwards
Economic activity and lending in the Russian regions continued to increase in July—August 2023. Monthly consumer price growth sped up, which was due to rising demand and the ruble weakening. Businesses’ price expectations rose, exceeding
Automobile and metallurgical enterprises were ramping up output. Companies were gradually settling logistics problems, which boosted the export of wood products and freight traffic in seaports, among other things.
The new issue of the report covers such special topics as the situation in the labour market, export logistics amid the structural transformation of the economy, and the current situation in the furniture industry.
More details are available in the September issue of the report Regional Economy: Commentaries by Bank of Russia Main Branches.