Russia's retail trade slumped 3 percent from a year earlier in September of 2020, following a 2.6 percent fall in the prior month and compared with market expectations of a 2.1 percent decrease. It was the sixth consecutive month of falling retail activity, as the pandemic crisis continued to weigh on spending. Sales declined further for both food (-4.6 percent vs -4.1 percent in August) and non-food products (-1.3 percent vs -1.2 percent). On a monthly basis, retail trade went down 1.7 percent, after rising 2.7 percent in the preceding month. In the third quarter of the year, retail activity shrank 2.5 percent over a year ago.
Retail Sales YoY in Russia averaged 4.03 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 October of 2020. source: Federal State Statistics Service
Retail Sales YoY in Russia is expected to be -1.90 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 4.50 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.