Monitoring sectoral financial flows: economic growth persists in early Q3
12 August 2021
News
In July 2021, the volume of incoming payments made through the Bank of Russia payment system increased by 6.5% compared to the average level of Q2.
The main drivers of this growth are still industries focused on exports and production of raw materials. This is supported by an increase in oil and gas production against higher world prices for them.
In the sectors focused on consumer and investment demand, in July, financial flows slightly went down from the level of the previous quarter. The slowdown in the growth of payments in these sectors can be explained by the completion of the recovery growth and vague perspectives in the context of continuing epidemic risks.
Read more in the latest issue of Monitoring of Sectoral Financial Flows.
