Contents tagged with Russian Federal State Statistics Service

  • Two thirds of Russians have no money for clothes

    The income crisis that has lasted for five consecutive years continues to undermine the economic sentiment of Russians.

    The consumer confidence index, which is calculated by The Conference Board and Nielsen, fell from 67 to 65 in the fourth quarter of 2018, coming close to the bottom that was set in 2016.

    The percentage of consumers who lack “disposable income” and who are forced to spend all their earnings solely on basic needs grew from 19% to 23% between October and November.

    The number …

  • Russia’s Central Bank removes capital withdrawal indicator after $67 billion outflow

     The indicator for “net withdrawal of capital by the private sector” has disappeared from all of the Bank of Russia’s reports following the indicator’s sharp decline in 2018, reports 

    After capital outflow accelerated by 170% and reached a record since 2014, the Central Bank decided to rename the corresponding line in its publications. 

    The previous description was replaced by the neutral line “financial operations of the private sector”. The change was made not only in the latest …