Retail sales in Russia slowed, but industrial production growth accelerated, unemployment at record low
Russia’s retail sales slowed in October, while industrial production growth accelerated and unemployment hit a historic low.
Retail sales growth slowed to 4.8 percent in October, down from 6.5 percent in September, according to data posted on the Russian statistics agency’s website. Analysts had expected a slower 6 percent growth for October.
In the first ten months of this year, Russian retail sales grew by 7.5 percent year-on-year.
In October, retail sales of food, including beverages and tobacco, grew by 5.7 percent year-on-year, compared with 5.2 percent in September. Non-food sales growth slowed to 4.1 percent from 7.7 percent in September.
According to experts, retail sales in Russia will grow by 7.1 percent this year, and according to government forecasts, by 8.6 percent, compared to last year, when it expanded by 6.4 percent.
The statistics office also said that annual growth in industrial production accelerated to 4.8 percent in October from 3.2 percent in September. Analysts had also expected a slower 3 percent growth in October. Manufacturing production grew the most, by 9.6 percent, after 6.6 percent in September.
In the first ten months of this year, ending in October, Russian industrial production exceeded the previous year by 4.4 percent.
Related news
MBH quick analysis: Retail trade momentum decreased in May
After Easter spending, retail sales growth slowed in May: total…
Read more >K&H Analyst Commentary: Retail awaits greater momentum
May was quite bad in stores, especially in food stores,…
Read more >NGM: the government will do everything to further increase retail turnover
The government is working tirelessly to ensure that families can…
Read more >Related news
Chicken is getting more expensive, eggs are getting more expensive – this is what awaits Hungarian consumers now
A significant price increase has taken place on the domestic…
Read more >2025 brought an unpredictable season to the stone fruit market
The 2025 stone fruit season is characterised by contrasting trends…
Read more >Top 10 Places for the Best Cottage Cheese Dumplings in Hungary
There’s a dish that transcends generations, evoking both the nostalgia…
Read more >