International Data: 1-10 Months, Russia'S Footwear Output Decreased By 16.3%

Russian business consulting website reported on November, Russia's Ministry of economic development announced 1-10 months in 2015.

Monitoring shows that the real income of Russians has continued to decline. In October, the wages of ordinary workers dropped by 10.9%, which had a negative impact on retail trade and certain industrial sectors.

Russia's Ministry of economic development pointed out that the tightening of consumer demand and consumption behavior turned to saving mode, resulting in a sharp decline in retail trade turnover.

By the end of October,

The volume of trade decreased by 11.7%, the worst result in the past 20 years.

Meanwhile, sales of non food products, which were the first to save money, dropped by 12.5%.

Affected by the residents' abandonment of non daily necessities, the output of the industrial sector heavily dependent on consumption demand declined.

For example, the output of coats decreased by 18%, and the output of knitwear dropped by 19.3%.

In 2015, Russia's clothing output fell by 22.6% in 1-10.

This highlights that Russia's textile industry is totally dependent on imported cotton. Due to price increases, cotton purchases in 2015 decreased by nearly 1/3 in 1-9 months.

Footwear industry also has similar developments, Russia in 1-10 2015.

Output fell by 16.3%.

Another reason for the decline in consumer demand is the automobile industry.

In October 2015, Russian car production decreased by 11.4%, and the output of heavy trucks dropped by 2%.