Russia's retail trade fell 3.4 percent from a year earlier in March of 2021, following an upwardly revised 1.5 percent drop in the previous month and more than the expected 1.3 percent decrease. It was the twelfth consecutive month of declines in retail activity amid the pandemic crisis. Sales continued to fall for both food (-6.0 percent vs -3.0 percent in February) and non-food products (-0.8 percent vs 0.1 percent). On a monthly basis, retail sales jumped 9.2 percent, after a 2.4 percent drop in the previous month. Considering the first quarter of 2021, retail activity shrank 1.6 percent over a year ago. source: Federal State Statistics Service
Retail Sales YoY in Russia averaged 3.92 percent from 1994 until 2021, 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 May of 2021.
Retail Sales YoY in Russia is expected to be 12.00 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 3.70 in 12 months time. In the long-term, the Russia Retail Sales YoY is projected to trend around 2.70 percent in 2022 and 2.50 percent in 2023, according to our econometric models.