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Edward Hugh has a lively and enjoyable Facebook community where he publishes frequent breaking news economics links and short updates. If you would like to receive these updates on a regular basis and join the debate please invite Edward as a friend by clicking the Facebook link at the top of the right sidebar.

Claus Vistesen and I also have a number of country briefings and study papers available for download in PDF format. The latest are:

Bank Rossii Eases Further As Russia's Economy Contracts At A Record Rate

The ECB's Balance Sheet At A Glance.

Tuesday, January 29, 2008

Russain Retail Sales December 2007

Russian retail sales growth accelerated in December for a second straight month as revenue from energy sales boosted wages and spending. Retail sales grew 16.7 percent in December from a year earlier, compared with a revised 15.5 percent in November, the Moscow-based Federal Statistics Service said earliertoday. Sales jumped 20.3 percent from a month earlier because of holiday shopping. For the year, retails sales grew 15.2 percent.

Wages increased an annual 16.2 percent in December, reaching 18467 rubles ($754), the Statistics Service said. Real wages grew 16.2 percent in 2007, compared with the year before. Disposable income increased an annual 9.4 percent in December and rose 10.4 percent in 2007, it said.

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