Financial pulse: a recovery of the economy covers a wide range of industries

Gradual lifting of restrictive measures to encourage the recovery of industrial activity in an increasingly wide range of industries noted in the next issue of the weekly analytical review of the Bank of Russia “Financial pulse”.

Amid a gradual normalization of the situation with shipments and new orders growing optimism of companies concerning the prospects of increasing production. However, declining oil production and the spillover effects from the constraints holding back economic recovery.

Dynamics of consumer price index indicates the exhaustion of the influence of temporary factors that led to acceleration of inflation in March—April. In the dynamics of prices gradually manifested the disinflationary impact of declining consumer demand.

From the beginning of June there was an increase in lending activity of banks. In the context of a gradual recovery in economic activity reduced the demand of borrowers, especially SMEs, in restructuring loan agreements.