Enterprises like the future more than the present // Business Climate Monitoring

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The data of the monitoring of enterprises conducted by the Central Bank (representatives of industry, trade, services, agriculture, construction, transport and storage businesses are surveyed) record a deterioration in estimates of the current state of demand and output against the backdrop of a continuing improvement in expectations. As a result, the general business climate index determined by the Central Bank rose by 0.6 points from 0.4 points in July (see chart). cost growth. Business price expectations continued to decline amid slower cost growth and weak demand,” the Central Bank explains. Farmers remain the most optimistic, due to the expectation of a record harvest. The most negative expectations regarding production and demand are in metallurgy, where, due to the contraction of exports and sanctions, enterprises are forced to reduce output volumes. We note that the Central Bank survey data on the state of the business climate in industry…

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