Retail sales revenues in Russia grew by 3.9% year on year in real terms and were valued at RUB 5.23tr ($164.78bn) in Q1 2013, according to the Russian Federal Statistic Service (Rosstat). This was against a 7.9% y-o-y increase in Q1 2012.
In addition, a 4.4% real yearly increase was registered in March 2013 alone, against 4.2% in January this year. Retail companies and sole traders account for 90.5% of retail trade in Russia in March 2013, with 9.5% shared by retail markets and fairs against 89.5% and 10.5% respectively in March 2012.
What is more, the Russian Ministry of Economic Development has dropped the forecast growth rate for retail from 5.6% to 4.3% in 2013. In 2012 retail sales revenues grew by 5.9% in real terms.
Source: www.russiaretail.com