Russia Food & Drink Report Q4 2012 - New Market Research Report
Our forecasts suggest household expenditure will cool through H212 and into 2013 following a prolonged period of very strong private consumption growth. This already appears to playing out in second-quarter retail data, with retail sales growth averaging 6.7% year-on-year (y-o-y), down from 7.6% in Q112, and new motor vehicle sales registrations experiencing an even more aggressive slowdown (see chart). Part of the reason for this slowdown is the very high base set in H210 and 2011, when real private consumption...
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