Monitoring businesses: business climate estimates stay close to 2023 average
The Bank of Russia's Business Climate Index went down to 6.8 points in January from 7.8 points in December. However, it stayed close to the 2023 average, significantly exceeding the 2021 level. Current estimates for the output of goods and services decreased. The possibilities for expanding output amid growing demand were limited by staff shortages and maximum utilisation of production capacities.
Price expectations of companies increased again in January, hitting a new local high since May 2022.
More details are available in the new issue of the information and analytical commentary Monitoring of Businesses: Assessments, Expectations and Comments.