The Central Bank of Russia published a new issue of its Monitoring of Sectoral Financial Flows, showing that the amount of incoming payments processed through the Bank of Russia in November rose by 2.7% compared with the 2025 Q3 average, indicating higher receipts across much of the economy. Excluding mining and quarrying, petroleum products, and general government, incoming receipts increased by 2.4%. Growth was recorded across all large groups of industries except investment demand sectors, while incoming payments declined in retail, which the Bank said, alongside other high-frequency estimates, points to a likely slowdown in consumer activity.
Central Bank of Russia 2025-12-11
Central Bank of Russia reports higher November incoming payments but weaker retail flows
The Central Bank of Russia's latest Monitoring of Sectoral Financial Flows report shows a 2.7% increase in incoming payments in November compared to the 2025 Q3 average, with a 2.4% rise excluding certain sectors. Growth was noted across most industries except investment demand sectors, while retail saw a decline, suggesting a potential slowdown in consumer activity.