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Russia's Central Bank says business conditions improved in August

MOSCOW (Reuters) – Russia’s central bank said on Wednesday its business climate index remained in positive territory in August for a second straight month, with expectations ahead as companies see an overall easing of risks and slowing cost growth improved.

According to the Central Bank’s survey of Russian companies, the assessment of the current business environment declined despite a positive outlook for the future.

“Negative assessments of production have increased due to continued demand constraints as well as import supply issues and labor shortages,” the central bank said in a report.

Russian companies have been hit by unprecedented Western sanctions after Russia sent tens of thousands of soldiers to Ukraine in February 24.



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