Monitoring businesses: growth in business activity slows down
The Bank of Russia’s Business Climate Index came in at 1.5 p in July vs 3.0 p in the previous month. Current estimates of output and demand as well as short-term expectations were below the June levels. Business price expectations edged up after a six-month decline. Companies’ investment activity was growing more slowly than in 2025 Q2.
More details are available in the July issue of the information and analytical commentary Monitoring of Businesses: Assessments, Expectations and Comments.
Starting from this issue, the Bank of Russia will regularly publish data on the main indicators of the monitoring of businesses by macro-region. In addition, survey results by economic activity and group of businesses presented in a time series format are now available in the Official Statistics Retrieval Service (API).