Russian Cenbank Says Business Improved In August.

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 Russia’s central bank said on Wednesday that its business climate index remained in the positive range for the second month running in August; with future expectations improving as businesses see overall risks easing and growth in costs slowing.

While the future outlook was positive, assessments of the current business climate fell, according to a central bank.

“Negative assessments in production have increased due to continued demand constraints and problems; with import supplies and a labour shortage,” the central bank said in a report.

Russian companies took a hit from unprecedented western sanctions that followed Russia’s move to send tens of thousands of troops into Ukraine on Feb. 24.

Reuters.

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