Russia Retail Sales

Meanwhile those sectors servicing the domestic market (such as construction and the retail trade) continued to boom. The highest rates of output growth were reported in construction (23.5 percent) and the retail trade (15 percent) The rate of aggregate output growth of the base industries and sectors (often used as a proxy for GDP growth) amounted to 8.6 percent in the first nine months of 2007 compared to only 5.7 percent in the corresponding period of 2006.