Economic growth
GROWTH
State
AcceleratingConfidence: Medium
- Level
- Modest
- Momentum
- Gaining pace
- Reference period
- Q2 2026
- Computed
- Oct 31, 2026, 03:30 PM MSK
The economy is growing modestly, gaining pace, retail turnover is growing faster than GDP. Confidence: medium.
What this rests on
as of Q2 2026| Indicator | Role | Value | Read as |
|---|---|---|---|
| Real GDP, year on year | Primary | 1.31% | Modest · up |
| Real GDP, quarter on quarter, seasonally adjusted annualised rate · change | Context | 5.28 pp | Gaining pace · up |
| Retail trade volume index, year on year | Confirming | 7.20% | retail above GDP · up |
Block indicators
latest value and its change on the previous readingReal GDP, quarter on quarter, seasonally adjusted annualised rate · primary
Q2 2026 · calculated · imported
3.77%
+5.28 pp
Real GDP, seasonally adjusted · primary
Q2 2026
₽36.9 tn
+₽339.9 bn
Real GDP, year on year · primary
Q2 2026 · calculated
1.31%
+1.46 pp
Industrial production index · primary
September 2026
101.8
+2.40 pp
Retail trade volume index, year on year · primary
September 2026
103.9
+0.60 pp
GDP at current prices
Q2 2026 · imported
₽56.2 tn
+₽6.3 tn