, domestic demand would be restrained by elevated household debt, some signs of moderation in earnings and employment in the export-related manufacturing sector, as well as public spending and public
acquired / sold assets (8) (91) (35) (77)% (158) (57) 177% Maintenance capex (39) (60) (26) 53% (163) (103) 59% Cash Flow After Strategic Spending 60 (253) (379) (116)% (1,297) (270) 380% Net financial costs
of declines in exports and confidence. Meanwhile, the full impact of government spending on the economy cannot be fully realized due to the delay in the enactment of the Annual Budget Expenditures Act
export prices along with global crude oil prices. Meanwhile, tourism sector and private consumption continued to expand especially on account of spending by medium and high income households, although
) (15) 269% Maintenance capex (26) (22) (22) 16% (103) (91) 13% Cash Flow After Strategic Spending (362) 107 (93) 289% (202) 238 Net financial costs (42) (23) (42) 0% (129) (129) 0% Income tax (17) (8
consumers have more concerns about spending and sugar intake. RTD fruit juice market and growth is as shown in figure 2 (Source: Nielsen). RTD fruit juice market has been dropping since the beginning of 2017
the impact of US sanction which led to the depreciation of Russian ruble. However, domestic demand continued to expand, private consumption expanded well in most spending categories thanks to the
) (25) (11)% (100) (97) 3% Cash Flow After Strategic Spending (216) (362) 21 (439) 71 Net financial costs (20) (42) (23) (10)% (127) (126) 1% Income tax (25) (17) (11) 124% (82) (52) 58% Dividends and