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 25, 2021
Industrial output rose 7.1% in year-on-year terms in October, which was above September's 6.9% increase.
November 17, 2021
GDP growth waned to 4.3% year-on-year in the third quarter, according to a preliminary estimate released by Rosstat on 17 November.
November 12, 2021
Merchandise exports grew 47.0% over the same month last year in September (August: +85.3% year-on-year).
November 4, 2021
Consumer prices rose 1.11% in October over the previous month, picking up from the 0.60% increase seen in September.
November 3, 2021
The IHS Markit Services Purchasing Managers’ Index (PMI) came in at 48.8 in October, down from September's 50.5.