The Central Bank of Russia published the October issue of its Regional Economy report, finding that consumption continued to grow across Russia between August and September even as output and order dynamics pointed to slower economic growth in several regions. Most regions recorded increases in car sales, while Central Russia, the North-West and the Far East reported strong demand for catering services amid growing tourism. On the production side, Siberia saw a faster decline in furniture output linked to a cooler housing market, and there were fewer orders for machine-building products in the Volga Region and the Urals and for railway equipment in Central Russia. Far Eastern seaports continued to increase cargo traffic on larger exports to Asia, while chemical output rose in the Volga Region, largely due to higher external demand for fertilisers. The issue also covers monetary conditions and credit and deposit markets, regional budgets, and the 2025 harvest.
Central Bank of Russia 2025-10-15
Central Bank of Russia notes rising consumer demand as regional economic growth slows in its Regional Economy report
The Central Bank of Russia's October Regional Economy report shows continued consumption growth from August to September, despite slower economic growth in some regions. Notable trends include increased car sales and strong demand for catering services in Central Russia, the North-West, and the Far East, while Siberia saw a decline in furniture output. The report also covers monetary conditions, credit and deposit markets, regional budgets, and the 2025 harvest.