Real-time retail consumption tracker for 30 November - 6 December, 2020
According to SberIndex analysts, consumer spending dynamics have improved a lot between November 30 and December 6, losing 2.3% y-o-y, which can be compared to the 11.4% decline a week before.
This is partly due to the ameliorated base effect (most days of November is the time for traditional sales, which were much more active in 2019). The disappearance of this factor is especially noticeable in non-food retail (+5.2% y-o-y).
There is also a general recovery in consumer activity. The demand decline has decelerated to –19.5% in the service sector.
SberIndex analysts claim that the number of active outlets keeps climbing slowly, but steadily. In the food items segment, there’s 10% more of them compared to the pre-pandemic period while offline retailers are stagnating.