Rosgosstrakh: Russians need 40-70 thousand rubles a month for a normal life

According to a survey of Rosgosstrakh Life and Rosgosstrakh companies, 47% of Russians (48.9% of women and 44.6% of men) said that 40-70 thousand rubles would be enough for them. per month for a normal quality of life. Men who took part in the survey generally cited higher amounts than women; more than 1,500 Russians (48% of men and 52% of women) took part in the survey. Of these, 26.1% are in the 18-29 age group; 28.7% – 30–49 years old, 14.6% – 50–59 years old, 30.5% – 60 years and older. The results of the study are cited by RBC. 21.4% of survey participants (21.2% of men and 18.2% of women) said that up to 40 thousand rubles would be enough for them. per month. 19.6% of the respondents would like to have 70-100 thousand rubles, and 6.9% (8.5% of men and 5.5% of women) – 100-150 thousand rubles. 5.2% of the respondents (6.4% of men and 4.1% of women) named the amount of more than 150 thousand rubles. The amount of 40-70 thousand rubles. were mentioned more often by residents of the Urals (52%), Northwestern (51.5%) and Central Federal Districts (49%). 70-100 thousand rubles each. would like to receive residents of the Far East (32.5%), Moscow (24.4%) and St. Petersburg ….

Chinese Growth Moves to Slowdown // World Economy Monitoring

China’s GDP growth in the third quarter slowed to 4.9% from 7.9% a quarter earlier, according to data from the National Bureau of Statistics. Part of this slowdown is due to the high base effect in the third quarter of 2020, when the impact of the pandemic had less of an impact on the country’s economy. However, in quarterly terms, the growth rate decreased from 1.2% in April-June to 0.2% in July-September. This is the lowest quarterly growth since 2010, when the state statistics bureau began providing such data. Industrial production in the PRC in September grew by only 3.1% versus 5.3% a month earlier, as it continued to be negatively affected by shortages of semiconductors and other supply disruptions. due to port restrictions. The decline in industrial output in September by 0.1% month-on-month is a consequence of restrictions in “heavy” industries. Here, the cooling of the real estate market had an important effect: sales of cement fell by 13% year-on-year, pig iron – by 16.1%, steel – by 21.2%, according to….

Imports in September declined steadily // Monitoring of foreign trade

The new issue of the bulletin “Comments on Government and Business” by the HSE Development Center is devoted to the analysis of imports in September 2021. According to the Federal Customs Service, the cost of importing goods from non-CIS countries in the past month was 23% higher than a year earlier, while in annual terms the growth rates continued to slow down. The Development Center estimated that the main contribution to the annual increase in the value of imports (10 percentage points, pp) in September was made by such industries as mechanical engineering (mainly due to mechanical equipment) and chemistry – 6 pp (primarily due to pharmaceuticals and polymers). …

In Russia, the issuance of consumer loans decreased by almost 7% over the month

In September 2021, banks issued 1.17 million consumer loans for 362.6 billion rubles. This is almost 7% less than it was in August, according to the credit bureau Equifax. “The main reasons are two: the increase in the key rate, which led to an increase in nominal consumer lending rates, and the tightening of regulatory rhetoric in the market aimed at limiting issuing unsecured loans, “- said the head of the bureau Oleg Lagutkin (quoted by TASS). Earlier, the head of the Central Bank Elvira Nabiullina said that the regulator wants to impose a direct restriction on the issuance of consumer loans for banks. According to her, the Bank of Russia cannot “turn a blind eye to how quickly demand is growing now.” This accelerates inflation, and also worries the regulator in terms of social and financial stability. It is assumed that the limit will be revised every three months. About new levers of pressure on banks – in the material “Kommersant FM” “Consumer credits are brought to the limits.” …

There is something to pay for inflation // The Central Bank assumes that the growth of wages of the company was derived from the increased profits

September did not live up to the hopes of the Bank of Russia to reduce inflationary pressures. In the latest macroeconomic reviews, the Central Bank describes a set of reasons that prolonged the rise in prices for at least an additional month: a combination of outstripping income growth in the economy and disruptions on the supply side, slow adjustment of the labor market and household behavior to the changed conditions in the economy, as well as the expansion of banks into credit markets. … October 2021 has more chances to become the first month of stabilizing inflation, but its return to the target level may require tighter policies from the Central Bank and the government. …