Dynamics of financial flows in Aug indicate continued slowdown in economic activity - Central Bank of Russia

MOSCOW. Sept 16 (Interfax) - The dynamics of financial flows in August indicate a continued slowdown in economic activity in Russia, the Central Bank of Russia said in a commentary.

"In almost all major industry groups, payments in August remained below the average level of the second quarter. This indirectly confirms the conclusion of a continuing slowdown in economic activity," the Central Bank said.

Incoming payments processed through the CBR's payment system in August increased slightly relative to July but remained 6.4% below the average level of Q2 2025. Excluding extraction, petroleum products and public administration, receipts decreased 6.1%.

Incoming payments increased somewhat in sectors dependent on government demand, indicating the persistence of active state financing in August, the CBR said.

Receipts in consumer demand sectors in August decreased 5.8% relative to Q2, 9.6% in investment demand sectors, 7.4% in intermediate demand sectors and 9% in external demand sectors.