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Russia retail sales down 8.8% y/y in July; up 3.8% m/m

People rest on benches near a window of business premises put out for rent in Moscow

MOSCOW (Reuters) - Russian retail sales declined 8.8% in July in year-on-year terms after a 9.6% fall in the previous month, the statistics service said on Wednesday.

Analysts polled by Reuters had forecast a fall of 8.9% compared to the year-ago period.

Rosstat provided the following data:

RETAIL SALES July 22 June 22 July 21

mth/mth pct change +3.8 +1.1 +2.9

yr/yr pct change -8.8 -9.6 +5.7

(Reporting by Reuters)