The Central Bank of Russia published its February Monitoring of Businesses commentary, indicating that growth in business activity decelerated, with the business climate indicator falling to 0.2 points from 1.5 points in the previous month. Companies’ assessments of current output and demand were more cautious than in January, while expectations for the next three months improved. Businesses’ price expectations declined notably after rising over the previous four months and were below the average level recorded in the fourth quarter of 2025.
Central Bank of Russia 2026-02-16
Central Bank of Russia reports business climate indicator drops to 0.2 points and price expectations fall in February
The Central Bank of Russia's February Monitoring of Businesses commentary reports a slowdown in business activity, with the business climate indicator dropping to 0.2 points from 1.5 points. Companies showed more cautious assessments of current output and demand, though expectations for the next three months improved. Price expectations decreased significantly, falling below the average level of the fourth quarter of 2025.