The Central Bank of Russia published its latest Monitoring of Businesses results, showing an increase in the Business Climate Index to 3.4 points in November from 2.3 points in the previous month, consistent with ongoing growth in business activity. Compared with October, surveyed companies reported higher current demand estimates alongside lower output estimates. Three-month-ahead expectations became more positive than in the previous survey, while price expectations rose for a second consecutive month, returning to the averages observed in the first quarter of 2025; further detail is set out in the November issue of the Bank’s Monitoring of Businesses analytical commentary.
Central Bank of Russia 2025-11-18
Central Bank of Russia reports Business Climate Index rises to 3.4 points in November
The Central Bank of Russia reported an increase in the Business Climate Index to 3.4 points in November, up from 2.3 points in October, indicating ongoing growth in business activity. Surveyed companies noted higher current demand but lower output estimates, with improved three-month-ahead expectations and rising price expectations. Further details are available in the November issue of the Bank’s Monitoring of Businesses analytical commentary.