Real-time retail consumption tracker for March 14 - 20, 2020
Between March 14 and 20, 2020 an even sharper increase in spending was spotted. Week-over-week, the metric jumped 5.5% despite a pretty sharp increase seen earlier, while a year-over-year increase reached 8.8%.
After a real decline by 0.3% y-o-y in Jan-Feb 2020, spending started climbing fast. Should sales stay flat over this week, real spending over the month will top 4% y-o-y, which is more than 6% y-o-y with no inflation adjustments. Retail figures are expected to grow even faster.
Additional demand structure is changing. The biggest spending increase was registered in the Medicinal Drugs and Medical Products category, which added 35.4% w-o-w between March 14 and 20. An 8.3% increase over the period was seen in the Groceries category. Additional spending on groceries reached at least RUB20 bln over the week.