According to the latest data released on February 28, 2024, Russian retail sales experienced a decline in January 2024, with the indicator dropping to 9.1%. This marks a decrease from the previous month of December 2023 when the indicator stood at 10.2%. The comparison period used to analyze this change is the Year-over-Year comparison, which looks at the change for the provided month compared to the same month a year ago.
The decline in retail sales in Russia could have various implications for the country's economy, reflecting shifts in consumer behavior, economic conditions, or other external factors. Analysts will closely monitor future retail sales data to assess the ongoing trends in consumer spending and the overall health of the Russian economy.
