Russia's retail trade dropped 7.7 percent from a year earlier in June 2020, compared to market expectations of a 12.3 percent plunge and after falling by a record pace in April and May due to the coronavirus crisis. Sales fell less for both non-food (-11.3 percent vs -29.2 percent in May) and food products (-3.7 percent vs -8.6 percent). On a monthly basis, however, sales jumped by 15.8 percent, as more businesses resumed operations following weeks of lockdown. In the second quarter of the year, retail sales shrank 16.6 percent over a year ago.
Retail Sales YoY in Russia averaged 4.10 percent from 1994 until 2020, reaching an all time high of 18.80 percent in February of 2008 and a record low of -23.20 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 August of 2020. source: Federal State Statistics Service
Retail Sales YoY in Russia is expected to be -4.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Retail Sales YoY in Russia to stand at 5.80 in 12 months time. In the long-term, the Russia Retail Sales YoY is projected to trend around 4.20 percent in 2021 and 3.70 percent in 2022, according to our econometric models.