Russia retail sales increased 2.7 percent year-on-year in January of 2020, up from a 1.9 percent rise in the previous month and beating market estimates of a 1.9 percent gain. It was the strongest annual rise in retail sales since December 2018, as sales advanced faster for both food (2.9 percent vs 1.8 percent in December) and non-food products (2.5 percent vs 2.1 percent). On a monthly basis, retail sales slumped 24.5 percent, after increasing 18.3 percent in the preceding month. Russia Retail Sales YoY - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.
Retail Sales YoY in Russia averaged 4.29 percent from 1994 until 2020, reaching an all time high of 18.80 percent in February of 2008 and a record low of -16 percent in January of 1999. This page provides - Russia Retail Sales YoY - actual values, historical data, forecast, chart, statistics, economic calendar and news. source: Federal State Statistics Service
Retail Sales YoY in Russia is expected to be 1.70 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 1.90 in 12 months time. In the long-term, the Russia Retail Sales YoY is projected to trend around 2.40 percent in 2021, according to our econometric models.