MOSCOW, December 25 Retail trade turnover in the Russian Federation based on the results of 2023 year will exceed 46 trillion rubles, and growth is also expected in the online trading segment, Deputy Prime Minister — Head of the Ministry of Industry and Trade of the Russian Federation Denis Manturov said in an interview.
According to Rosstat, last year retail trade turnover amounted to 42.5 trillion rubles. Thus, this year growth is expected to be approximately 8%.
“»As in other industries, there were less optimistic forecasts, including a move into the negative zone. But now we see growth in comparable prices (for 10 months) 5.5%. It can be predicted that the annual turnover of retail trade (for now can only be indicated in nominal prices) will exceed 46 trillion rubles,» Manturov noted.
«Online trade has also developed, which remains today one of the fastest growing sectors of the economy. Obviously, its volume will exceed last year's figures,» he added. According to the Association of Internet Trade Companies, in 2022 the turnover amounted to 4.98 trillion rubles.