Retail Sales in Russia
Russia - Retail Sales
Retail sales remain strong
In October, retail sales expanded 8.8% over the same month last year. The reading was slightly below the 9.2% expansion recorded in the previous month, which had marked the strongest result since October 2008, but the print still beat market expectations of an 8.6% rise. On a monthly basis, retail sales expended a non-seasonally adjusted 2.8% over the previous month (September: -0.4% month-on-month). Despite the moderation in annual figures, the trend continued to pick up, with annual average growth in retail sales inching up from 6.6% in September to 6.8% in October.
Russia - Retail Sales Data
|Retail Sales (annual variation in %)||-9.8||-4.8||1.2||2.8||1.6|
5 years of economic forecasts for more than 30 economic indicators.
Russia Retail Sales Chart
Source: Russian Federal State Statistics Service (Rosstat) and FocusEconomics calculations.
|Bond Yield||6.23||0.13 %||Dec 30|
|Exchange Rate||62.03||-0.12 %||Dec 30|
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November 24, 2022
Industrial output dropped 2.6% in year-on-year terms in October, which was above September's 3.1% decrease.
November 17, 2022
According to a preliminary reading, GDP slid at a slightly milder rate of 4.0% year on year in the third quarter, compared with the 4.1% contraction tallied in the second quarter.
November 9, 2022
Inflation fell to 12.6% in October, following September’s 13.7%.
November 3, 2022
The S&P Global Russia Services PMI Business Activity Index came in at 43.7 in October, down from September's 51.1.
November 1, 2022
The S&P Global Manufacturing Purchasing Managers' Index (PMI) came in at 50.7 in October, down from September's 52.0.