Russian news, notes and thoughts

July, 2019 / RSS notes

13 July, 2019  // According to Sberbank, in Q2 2019, Russians spent on food 38.9% of their income (38.2% in Q2 2018). Other expenses: utility - 15.2%, clothing - 9.7%, medical services - 6.6%, payment of interest on loans - 6.6%, household goods - 5.7%, leisure - 4.8%. The share of respondents without savings increased from 41% to 43%.

8 July, 2019  // In 2018, according to BrandMonitor, the annual turnover of the shadow segment of the luxury goods market in Russia reached about 4.4 billion USD, while the legal segment is estimated at 3.9 billion USD. Most often, customers purchase fake T-shirts, sneakers, jeans, and handbags. This trend will continue. In Q1 2019, real income of Russians decreased by 2.3% year-on-year.

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The comments of our visitors

Paul Manoli
News reporting
Excellent reporting. Interesting content.

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