Real-time retail consumption tracker for December 21-27, 2020
Between December 21 and December 27, SberIndex analysts observed a typical increase in expenses ahead of New Year. In terms of scale, it still does not lag behind last year’s being 22% up w-o-w adjusted for the calendar factor. The dynamics of Russians’ consumer spending stayed flat, being 1.1% up y-o-y.
If the current positive trends are maintained, the annual change in consumer spending will be –5.8% y-o-y. Rated food spending is expected to add 4.6% in 2020.
Non-food retail’s 2020 performance will be slightly negative. The early estimate is –2% y-o-y. The final value will depend on the evolution of New Year sales. In any case, this is a good result, given that the segment faced severe restrictions in April and May.
The aggregate trade turnover in Russia at year-end 2020 will not have fallen despite the pandemic. The early estimate is +1.5% y-o-y.
The service sector never rebounded, with spending expected to be down 24.3% y-o-y.
The number of active outlets is now 5.4% higher than in February. All key areas — grocery retail, other products and services — are growing.