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10 November 2020

Real-time retail consumption tracker for November 2 - 8, 2020

The consumer spending decline observed in late October was neither an outlier nor an anomaly, says a new SberIndex tracker. No major improvements in spending throughout Russia were spotted between November 2 and 8. The metric lost 8.3% y-o-y after sliding by 10.8% y-o-y a week before that. Over the last four weeks, the demand shrunk by 6% y-o-y.

The general change has remained weak since late May. Spending keeps declining across non-food items (–3.4% y-o-y) and the service sector (–28.1% y-o-y).

The consumer activity index available on SberIndex.ru lost 3.5 points over the week to reach 67.8 points, which can be compared to a sluggish Sunday when many people stay at home or minimize purchases.

There’s a signature increase in spending on food items (3.1% y-o-y). The demand for medications and healthcare products stays high (+28.4% y-o-y).

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