Retail sales in Russia tumbled 8.8 percent year-on-year in August of 2022, following a downwardly revised 8.7 percent drop in the prior month and compared with market estimates of an 8.5 percent decline. It was the fifth consecutive month of falling retail activity, reflecting the war's adverse impact on consumer spending. On a monthly basis, retail trade increased by 3.3 percent, following a 3.8 percent rise in the previous month. source: Federal State Statistics Service
Retail Sales YoY in Russia averaged 3.95 percent from 1994 until 2022, reaching an all time high of 35.20 percent in April of 2021 and a record low of -22 percent in April of 2020. This page provides - Russia Retail Sales YoY - actual values, historical data, forecast, chart, statistics, economic calendar and news. Russia Retail Sales YoY - data, historical chart, forecasts and calendar of releases - was last updated on October of 2022.
Retail Sales YoY in Russia is expected to be -8.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Russia Retail Sales YoY is projected to trend around 0.50 percent in 2023 and 1.00 percent in 2024, according to our econometric models.