You searched for "consumer demand" (2 results found)

Higher Incomes Drive Russian Consumer Demand up in January

  • 26 Feb 10:06

As real disposable incomes in Russia begin to rise again, consumer demand recorded strong growth in January,bne Intellinewsreports. The Russian economy’s consumer segment showed solid improvement in January 2020: growth in retail sales accelerated to 2.7% y/y, volumes of residential housing rose 14.3% y/y and services to the population rose 1.9% y/y, according toRosstat’s monthly report released on February 20. Real wage growth in December accelerated by the highest rate in almost two years (6.9% y/y), BCS GM reported, while the unemployment rate in January remained at post-Soviet lows of 4.7%, down slightly from 4.9% in January 2019. Consumption is. Read more...

Poll: Russians adjusting to crisis, buying less expensive goods, food

  • 16 Oct 08:42

Russians have had to adjust their consumer behavior to the ongoing economic crisis. Some 62 percent of them have switched to buying cheaper food and goods (against 58 percent in January), the Russian Public Opinion Study Center (VTsIOM) said. The number of people who have been buying fewer goods and spending less on their entertainment or have stopped doing so at all more than six months ago has markedly grown (from 21 percent in January to 37 percent in September), VTsIOM said, presenting a poll of 1,600 individuals held in 130 populated localities in 46 regions on September 26-27. Another 20 percent said they had been acting in that manner for the past six months,. Read more...