Russia Consumer Spending
Russia · Quarterly series · EC-RU-CS
Latest, Q2 2026
20.22T RUB
+4.3% from Q1 2026
Forecast
Forecast for Q2 2027: 20.25T RUB, with an 80% interval of 16.56T RUB to 23.62T RUB.
| Period | Forecast | 80% low | 80% high |
|---|---|---|---|
| Q3 2026 | 21.07T RUB | 19.69T RUB | 22.71T RUB |
| Q4 2026 | 21.35T RUB | 18.71T RUB | 24.60T RUB |
| Q1 2027 | 20.01T RUB | 18.57T RUB | 21.43T RUB |
| Q2 2027 | 20.25T RUB | 16.56T RUB | 23.62T RUB |
AI confidence
Supported evidenceThe point forecast beat the no-change baseline overall and in a majority of the evaluated tests.
Model: Agentic Investor TSFM (foundation model)
- Accuracy vs naive
- +27%Beats the no-change baseline over 8 tests (8 tests, 7 won)
- Direction
- 88%Beats a coin flip (28 of 32 calls right in 8 tests)
- Turning points
- 12 of 14Anticipated most turns (14 turns in 8 tests, 0 without a turn)
- Error vs baseline
- 27% lowerError ratio 0.73; 1.00 is a tie.
- Tests won
- 7 / 8Complete rolling backtests; ties count as no win.
- Test period
- 2018-09-01 to 2026-06-014 observations ahead per test.
- 80% band coverage
- 75%Observed outcomes inside the band across all stored test windows.
- Band coverage uses all stored test windows, including model-selection windows when present; it does not determine the confidence label.
- Evaluated 2026-11-15 against the cached history through 2026-06-01.
- This is an evaluation of the serving model; it does not establish a winner across four model classes.
How this assessment is made
AI confidence describes historical evidence for this forecast, not a probability of being correct. Each backtest fits on data available before its test window. The baseline carries the last value forward. Supported evidence requires at least six complete, non-overlapping tests, an error ratio below 0.90 (rounded to two decimals), and wins in a majority of tests. Ratios from 0.90 to below 1.10 are on par; 1.10 or above is weak evidence. Inconsistent wins produce mixed evidence. For a selected model, only the recent tests excluded from model selection determine this label. These are historical simulations using the available data, not a live trading track record; revisions and foundation-model pretraining can limit how closely they reproduce a past decision. Past performance can change.
Model comparison
Comparison pendingA new ticker first receives its serving model's forecast and evaluation. An eligible nightly batch can compare both candidates, subject to call budgets and retry limits.
Reading
It is above 95% of the 39 earlier readings since Q3 2016.
Recent history (24 observations)
| Period | Value |
|---|---|
| Q2 2026 | 20.22T RUB |
| Q1 2026 | 19.39T RUB |
| Q4 2025 | 20.72T RUB |
| Q3 2025 | 20.30T RUB |
| Q2 2025 | 18.96T RUB |
| Q1 2025 | 18.38T RUB |
| Q4 2024 | 19.81T RUB |
| Q3 2024 | 19.42T RUB |
| Q2 2024 | 18.36T RUB |
| Q1 2024 | 17.52T RUB |
| Q4 2023 | 18.72T RUB |
| Q3 2023 | 18.15T RUB |
| Q2 2023 | 16.66T RUB |
| Q1 2023 | 16.04T RUB |
| Q4 2022 | 17.20T RUB |
| Q3 2022 | 12.88T RUB |
| Q2 2022 | 11.79T RUB |
| Q1 2022 | 12.54T RUB |
| Q4 2021 | 13.80T RUB |
| Q3 2021 | 13.27T RUB |
| Q2 2021 | 12.47T RUB |
| Q1 2021 | 12.00T RUB |
| Q4 2020 | 12.88T RUB |
| Q3 2020 | 12.11T RUB |
Source
Data: public market data feeds.
More from Agentic Investor
- Open Russia Consumer Spending in the app: the interactive chart and a fresh forecast
- World and commodity series: every stored series
- Vietnam indicators
Also stored for Russia
- Russia Balance Of Trade
- Russia Bank Lending Rate
- Russia Bankruptcies
- Russia Business Confidence Index
- Russia Capacity Utilization
- Russia Capital Flows
- Russia Car Production
- Russia Car Registrations
- Russia Cash Reserve Ratio
- Russia Cement Production
- Russia Central Bank Balance Sheet
- Russia Changes In Inventories