Real disposable incomes in Russia fell 0.8% in the second quarter of 2022, preliminary data showed on Wednesday, with rising prices and restrictions linked to the conflict in Ukraine stifling Russians' purchasing power.
Industrial output fell 1.8% year-on-year in June, a sharper drop than in May, and retail sales continued their slump, down 9.6% when compared with June 2021. As in the previous month, unemployment was the outlier, with the jobless rate hovering at a record low 3.9%.
