Page 62 - Russia OUTLOOK 2023

In contrast, retail sales of non-food goods were down by about 15% y/y in the
second and third quarters. Along with the collapse in sales of passenger cars,
there have also been sizable drops in sales of household appliances and
mobile phones but also construction materials and clothing. The sale of
medicines continued to increase, albeit considerably slower than in the early
months of this year.

Household purchases of services have held up relatively well, although their
growth has slowed. Sales in services provided to households mainly by
companies averaged real annual growth of less than 1% in the second and
third quarters.

Retail trade turnover in Russia continued to decline in October and
decreased by almost 10% y/y reaching RUB3.5 trillion ($57.34bn). In
January-October, turnover decreased by 5.9% to RUB34.7 trillion ($568.5bn),
according to the Russian State Statistics Service (RosStat). "Retail trade
turnover in October amounted to RUB3.584 trillion, or 90.3% (in comparable
prices) compared to the corresponding period last year, in January-October –
RUB34.783 trillion, or 94.1%," the statement said. The share of large online
retailers rose by 1.8 pp in October.

62 Russia OUTLOOK 2022 www.intellinews.com