+6%

— the level to which the business confidence index in retail trade has risen. This information comes from ‘The Business Climate in Retail Trade,’ a report by the Centre for Business Tendency Studies at the HSE’s Institute for Statistical Studies and Economics of Knowledge.

In Q2, the business climate in retail trade took shape under signs of increased business activity. Growth in the index reversed the lows of the preceding quarters, returning it to the middle range of historic results seen over the last two years. However, the traditional spring and summer seasons served as the main source of the recovery process and viability of commercial organizations, with the grocery driver leading the advance. The current dynamics in non-food industries indicate continuing stagnation.

Source: HSE website