Russia Consumer & Retail Report Q4 2017

Russia Consumer & Retail Report Q4 2017

BMI View: The recovery in Russia's consumer outlook continues. Retail sales are growing once more as an improving economic outlook filters down. While we note that consumer confidence is improving and this is translating into sales for retailers, the country's consumer recovery will be steady but slow. We are not currently projecting a new round of sanctions emanating from the US to de-rail the recovery in the Russian consumer outlook, but we highlight it as a downside risk.

Retail sales in Russia recorded a 1.2% y-o-y increase in June 2017 (latest available data), marking three consecutive months of recovery after sales emerged from 27 consecutive months of decline. Continued improvements in consumer confidence readings indicate that this recovery in retail sales is set to continue.

In June 2016, consumer confidence reached -14 marking an improvement y-o-y on the -26 recorded in June 2016 and reaching a level of confidence for Russian consumers last seen in September 2014.

BMI Industry View
Consumer Outlook
Consumer And Retail SWOT
Industry Forecast
Consumer Spending
Total Household Spending
Table: Total Household Spending (Russia 2015-2021)
Essential/Non-Essential Spending
Table: Essential and Non Essential Spending (Russia 2015-2021)
Spending Breakdown
Food, Drink And Tobacco
Table: Food and drinks (non-alcoholic, alcoholic and tobacco) spending (Russia 2015-2021)
Clothing And Footwear
Table: Clothing and Footwear Spending (Russia 2015-2021)
Household Goods
Table: Household Goods Spending (Russia 2015-2021)
Personal Care And Effects
Table: Personal Care and Effects Spending (Russia 2015-2021)
Tourism Spending
Household Characteristics
Table: Household Income Data (Russia 2014-2021)
Demographic Forecast
Table: Total Population (Russia 2014-2021)
Table: Labour Market Data (Russia 2014-2021)
Market Overview
Retail Trends
Clothing And Footwear
Table: Selected Clothing And Footwear Retailers
Household Goods, Homeware And Home Improvement
Table: Selected Household Goods, Homeware And Home Improvement Retailers
Table: Selected Electronics Retailers
Department Stores
Table: Selected Department Stores
E-Commerce And Online Marketplaces
Table: Selected E-Commerce And Online Marketplace Retailers
Drug Stores And Pharmacies
Table: Selected Drug Stores And Pharmacies
Shopping Centres And Malls
Industry Forecast Methodology

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