Kommersant: Analysts predict Russian New Year’s spending to be a five-year low

No time to read?
Get a summary

The trend of economic consumption among citizens continues in Russia, and on December 30, the traditionally highest demand day, Russian spending may fall to the lowest value in the last five years. The newspaper writes about it “Kommersant” With reference to Tinkoff Kassa data.

Analysts analyzed non-personal data on business turnover and customer transactions and concluded that the number of purchases on December 30 could fall 24% from the previous year and hit a five-year low.

In 2019-2021, Russians spent an average of 68% more on this day than on normal days, this figure is expected to drop to 44% this year.

Information and consultancy agency Infoline believes that pre-Christmas spending will be reduced by 15% in monetary terms.

In an interview with Natalya Elkhina, a financier, specialist in finance and business management, public figure, head of the Moscow branch of the All-Russian Public Organization “Assembly of Women Leaders” “socialbites.ca” Advice was given not to “go” to “the last, global, super-profitable sales of the year” at the beginning of the year, reminding that the prices of almost all goods increased significantly during this period.

No time to read?
Get a summary
Previous Article

Where to watch Juventus vs Betis live online in the quarterfinals of LaLiga Promises 2022: Canal TV and live streaming

Next Article

Evolute unveils new products for 2023