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Russians reduce their spending by third in self-isolation in April

20 May 2020

• 20 May 10:12

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VTB Bank reported that purchases in offline stores decreased the most - by 35% in annual terms During the period of self-isolation in April, Russians reduced their spending by 34% compared to April last year, according to a press release from VTB Bank. According to the report, the volume of customers’ salaries in April did not change significantly, while card transactions decreased by 34%. Online orders also showed negative dynamics, primarily due to almost halving the cost of airline tickets and a decline of 1.5-fold for transport. At the same time, spending on food increased by 25%, and more than doubled on alcohol, the report said. At the same time,. Read more...