Real-time retail consumption tracker for March 30 - April 5, 2020
Between March 30 and April 5 people’s spending slid 22.9% w-o-w. The y-o-y decline stood at 23.3%, which is close to the w-o-w figure.
If current consumption level is maintained until the end of the month, this will cause the GDP to shrink about RUB900–950 bln (0.9% of the annual figure) or more.
Service industries are suffering the heaviest blow. Cashless transactions lost 58.8% y-o-y.
For several weeks in a row, sales have been bottom-low across Plane Tickets, Tour Agencies, and Hotels categories. In early April these added Sports, Beauty Parlors, Entertainment, and other major categories of goods, such as Clothes & Footwear (minus 94.2% y-o-y), and Furniture & Interior Design Items (minus 81.0%). Sales of home appliances and electronics over the week plummeted by 58.2 y-o-y.