The Russians are going to cut spending on most goods

the Russians were going to cut spending on most categories of goods in the next six months. This is evidenced by the results of research conducted by BCG and holding “ROMIR” reports owned by Grigory Berezkin the RBC.

According to analysts, demand will drop by 90 percent of product categories. Most of this affected entertainment and leisure. It is noted that the Russians are planning to cut spending in the next six months, even with the removal of the restrictions caused by the situation with coronavirus.

In particular, 38 percent of respondents would reduce spending on alcohol, 32 per cent on cosmetics, makeup and perfumes, and 21 percent of Russians plan to spend less money on clothes. The cost of stationary, electronics and appliances will save 31 percent of respondents on mobile devices, 29% for furniture and interior, 26 percent of respondents.

At the same time increase spending, the Russians plan mainly for utilities, home Internet, mobile communications, over-the-counter medicines and food.

the survey involved 1.2 thousand people across Russia from different socio-demographic groups with in-depth study in Moscow. Data on consumer expenditure have been analysed in more than 40 product categories. The first cut was conducted in the first half of April 2020.