You're reading: Reuters: Russia retail sales up 1.9 percent year-on-year in August, more than expected

Reuters: Russia retail sales up 1.9 percent year-on-year in August, more than expected

By Reuters.
A Russian Ruble pictured in front of the Kremlin in central Moscow on Nov. 6, 2014.
Photo by AFP

 Retail sales in Russia rose more than expected in August, data showed on September 19, underpinning an official forecast that the economy is on track to return to growth levels seen before its 2015-16 slowdown.

Russia’s oil-dependent economy has benefited from a recovery in global crude prices, prudent fiscal policy and the central bank’s anti-crisis monetary measures.

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