Page 55 - RusRPTNov22

4.5.3 Retail sector dynamics
Retail sales in Russia tumbled 8.8% y/y in August of 2022, following a downwardly revised 8.7% drop in the prior month and compared with market estimates of an 8.5% decline. It was the fifth consecutive month of falling retail activity, reflecting the war's adverse impact on consumer spending. On a monthly basis, retail trade increased by 3.3%, following a 3.8% rise in the previous month.
55 RUSSIA Country Report November 2022 www.intellinews.com