JRL NEWSWATCH: “Russia Ditches Real Income Data That Has Slumped for Five Years” – Bloomberg

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“Russia will stop publishing monthly data that’s shown a slump in disposable incomes for five straight years after the indicator was criticized for using methodology that’s decades out of date. The Federal Statistics Service will start releasing quarterly income data starting next month and historical numbers will be recalculated going back to 2013 …. The new methodology will include data on online sales and sales from smaller retailers among other things [according to the agency] …. The statistics service comes under regular fire for the quality of its data, especially after growth numbers for 2018 released last month massively outstripped economist estimates. …”

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