Monitoring of sectoral financial flows: increased economic activity continues
Dynamics of incoming payments indicates continued recovery in economic activity in late June — early July, is celebrated in the next issue of “Monitoring of sectoral financial flows.”
In the week from 29 June to 3 July, the average daily volume of incoming1 payments for the first time since late March exceeded the “normal”2 level. The upward deviation was 4.9% compared with the deviation down by 7.6% a week earlier. Deviation payments without taking into account the extraction, production of petroleum products and activities of state administration bodies has also turned positive (+7,9%).
Improved performance in the week from 29 June to 3 July occurred in all aggregated groups of industries. In end-use sectors, the magnitude of the incoming payment exceeds the “normal” value for the second consecutive week. Exceeding “normal” level of incoming payments was also recorded in export-oriented industries, investment sectors and industries intermediate consumption. The only group of industries in which the reporting week remained down deviation from a “normal” level, has been the industry government consumption.
1 Weighted by the share of sectors in GDP.
2 the Average level of seasonally adjusted daily incoming payments for the period from January 20 to March 13, 2020.