Page 48 - RusRPTDec22

4.5.3 Retail sector dynamics
September deterioration was led by consumption as the volume of retail sales was down by about 10% y/y. Consumer demand was quelled by reduced purchasing power as real incomes shrunk by more than 3% y/y during July-September. Consumption was further depressed by the partial mobilisation that started in late September.
In July-September, the development of the wholesale trade was especially weak, which shrank by 23% from the previous year. The amount of retail trade also decreased by 9%.
48 RUSSIA Country Report December 2022 www.intellinews.com