Yesterday, Rosstat published its March statistics pack on economic conditions.
Unemployment slid to 5.4%. The seasonally adjusted unemployment rate dropped to 5.0%.
Real retail sales growth almost unchanged at 4.0%, mainly due to the non-food component, which posted a gain of 6.9%, the strongest since January 2013, offsetting the slowdown in food items (+0.7% YoY vs. 1.8% YoY a month ago).
Investment in fixed capital remained under water, but the pace of its decline slightly advanced to 4.3% YoY, despite sky-rocketing residential housing completions (more than 25%).
Construction simultaneously intensified its drop to 3.1% YoY, after a 2.4% YoY decline in February.
Real wage growth significantly decelerated to 3.1% YoY, the second lowest mark since July 2011.