Page 42 - RusRPTSept19

4.5.2 Income dynamics
Nominal incomes grew in July by 8.2%, one of the strongest months this year, but what gains made were lost on FX and inflation effects. While real wages increased by 3.5% in July year-on-year the more important real disposable incomes (income after food and utilities are taken out, adjusted for inflation) remains in negative territory for the five straight month in a row, down 1.3% in July year-on-year.
4.5.3 Retail sector dynamics
Russian e-commerce market in 1H19 expanded by 26% year-on-year to RUB725bn ($11bn), Vedomosti daily reported on September 2, citing a report by Data Insight. The number of purchases online was 191mn in the reporting period, up by record 44%.
42 RUSSIA Country Report September 2019 www.intellinews.com