Russia retail sales down 5.9pc y/y in Dec, worse than f'cast

25 Jan, 2017

MOSCOW: Retail sales in Russia fell more than expected in December, data from the Federal Statistics Service showed on Wednesday.

Retail sales contracted 5.9 percent in the last month of 2016 after dropping 4.1 percent in November.

Analysts polled by Reuters had forecast an annual drop of 3.3 in December retail sales.

In the whole of 2016, retail sales, the main contributor to Russia's economic performance, dropped 5.2 percent.

Copyright Reuters, 2017

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