Food Industry News

Turnover of retail foodstuffs dropped to 4,4% in October

The reduction in retail trade turnover in October 2016 years 4,4% accelerated to an annualized basis, according to the Ministry of Economic Monitoring (MED) "On the current situation in the Russian economy in January - October 2016 years."

Earlier, four months in a row there was a tendency to slow down the reduction - from minus 6,2% in June to minus 3,6% in September.

"At the deterioration of the dynamics of retail trade turnover in October 2016 was largely influenced by a reduction turnover of food, beverages and tobacco products to 5,4% y / y (4,4% y / y in September 2016 city)," - says the Ministry of Economic .

"After the near-zero dynamics in July - August 2016 city and a small growth recorded in September, the dynamics of retail trade turnover excluding the seasonal factor in October 2016 years again returned to negative values: a decline of 0,5% (to the previous month - RNS.) "- said the mayor.

In January - October 2016 year retail trade turnover decreased by 5,3% yoy.

In the first nine months continued reduction of retail trade turnover in many food groups. One of the highest decline in retail turnover is fish and seafood due to a substantial share of imports and high prices. For those products that could replace domestic (meat, dairy products, eggs, vegetables), there is a slight increase in retail sales.

Reducing the volume of retail sales for many groups of non-food products prices slowed against the background of slowing down.

See also ... 01/06/2016 MED: retail sales fell 4,8% 01/11/2016 MED announced retail growth in September 29/08/2016 Media: MED is ready to legalize alcohol on the chain 16/08/2013 Retailers are not put on the doorstep19 / 08/2016 Wal-Mart's profit in the II quarter increased by 8,6% 01/03/2016 Carrefour expands its presence in Spain27 / 10/2016 Ministry of Economic Development proposes to introduce minimum wine prices in August it grew by 15% 09/2016/12,1 British Tesco withdrew from 14 with a profit 04/2016/2015 Ministry of Economic Development criticized amendments PAP 09/07/2013 Muscovites are forced to overpay a third of the cost these goods due to a shortage of shops in the city13 / 09/2012 Dixy's net profit grew by 30% 05/2014/73 The growth of retail turnover in the Russian Federation continued to slow down19/06/2013 Wal-Mart's net profit decreased in Q20. by 05% 2016/7,8/16 Dixy's revenue grew in April by 05%

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