Retail sales in Russia fell 10.1 percent year-on-year in May of 2022, following an upwardly revised 9.8 percent decline in the prior month and more than market estimates of a 5.5 percent drop. It was the sharpest drop since May of 2020, highlighting the war's adverse effects on consumer spending. On a monthly basis, retail trade edged up 0.5 percent, virtually stagnating after slumping a downwardly revised 11.2 percent in the prior month. source: Federal State Statistics Service
Retail Sales YoY in Russia averaged 4.07 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 July of 2022.
Retail Sales YoY in Russia is expected to be -5.80 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 1.50 percent in 2023 and 1.00 percent in 2024, according to our econometric models.