Support The Moscow Times!

Retail Sales Jump in August

Retail sales surged the most in a year last month as unemployment fell more than estimated, boosting household purchasing power.

Sales rose 7.8 percent in August from a year ago, after a revised 5.7 percent increase in July, the State Statistics Service said Monday.

Real wages advanced 3.9 percent in August from a year earlier, and disposable incomes gained 1.4 percent, the service said. Fixed-capital investment increased 6.5 percent after rising 7.9 percent in July, the most this year.


Read more

The need for honest and objective information on Russia is more relevant now than ever before!

To keep our newsroom in Moscow running, we need your support.