Monitoring sectoral financial flows: first signs of gradual consumer demand weakening
9 November 2023
News
In October 2023, incoming payments made through the Bank of Russia Payment System stayed close to the high level recorded in Q3.
Payments to industries focusing on consumer demand declined by 0.4% compared to the Q3 average, primarily because of dynamics in food manufacturing, agriculture, retail, and real estate. These changes might be the first signs of a gradual weakening of consumer demand.
Industries focusing on external markets also demonstrated a slight contraction in incoming payments. Investment industries recorded a higher financial inflow.
More details are available in the new issue of the review Monitoring of Sectoral Financial Flows.
Preview photo: yul38885 / shutterstock