In July of this year, total spending via credit cards in the network of VTB amounted to 209 billion rubles, exceeding by 5% the figures as of March this year and July last. Most Russians spend the money to buy clothes and electronics.
But at the cafes and restaurants and payment of services while the Russians save. Going to a restaurant spending is lower than before the pandemic, by 19%. For services – by 12%.
Interestingly, many Russians and after the pandemic continued to make online purchases. Spending in the segment of Internet acquiring 5% higher than in July 2019. Compared with March, the volume of Internet purchases in July was already above 26%. Again, most often ordered clothes and electronics. “Subside” for the past year online spending on transportation (-18%) and services (-27%).
By the end of July recovered and domestic tourism. Hotels showed an increase spending by 18% compared to July 2019, hire transport – 61%. Most Russians spent money, visiting Leningrad oblast (an increase of 242%), Sochi and Krasnodar Krai (increase 100%), Kaliningrad oblast (an increase of 69%) and Karelia (an increase of 33%).
“July was the first month since March, when the volume of transactions of Russians on the cards showed an increase year-on-year. This was influenced by the work expansion of retail outlets and services in most regions of the country and the restoration of solvency of citizens. According to our data, the amount of salary accruals in June, nearly 3% higher than the April level compared to the March – said the Deputy Chairman of the management Board of VTB Bank Anatoly Pechatnikov. – Shows the growth and domestic tourism, where in spite of the pandemic of the spending exceed last year by 1.5%. Show a positive trend, even the sale of tickets, but this is due to the effect of pent-up demand after the “failure” in the traditionally peak demand period of April-June.”
