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Monitoring businesses: Business Climate Index increases as estimates of present situation improve

21 June 2023
News

The Bank of Russia’s Business Climate Index rose to 8.8 points in June and, for the most part, stayed close to its ten-year highs.

Companies in the majority of industries improved their current estimates of output and demand. However, compared to May, enterprises became more moderate in their positive expectations for the near future.

Businesses’ price expectations were declining for the second month in a row, while remaining higher than in 2017–2019 when inflation had been close to its target.

More details are available in the June issue of the information and analytical commentary Monitoring of Businesses: Assessments, Expectations and Comments.

Preview photo: Dmitry Feoktistov / TASS