The Central Bank of Russia published its October Monitoring of Businesses commentary showing a further moderate expansion in business activity, with the Business Climate Index rising to 2.6 points from 1.2 points in September. Companies reported higher assessments of current output and demand than in September, while three-month-ahead expectations became more positive. At the same time, business price expectations increased for the first time since January 2025, and growth in companies’ investment activity continued in the third quarter of 2025.
Central Bank of Russia 2025-10-15
Central Bank of Russia reports Business Climate Index rises to 2.6 points as price expectations increase for first time since January 2025
The Central Bank of Russia's October Monitoring of Businesses indicates a moderate expansion in business activity, with the Business Climate Index rising to 2.6 points from 1.2 in September. Companies reported improved current output and demand assessments, with more positive three-month-ahead expectations. Business price expectations increased for the first time since January 2025, alongside continued growth in investment activity in Q3 2025.