Ukraine reports retail sales growth at 10% y/y in January-August

 Ukraine reports retail sales growth at 10% y/y in January-August
Retail sales in Ukraine grew by 9.9% year-on-year in real terms in January-August following a 10.1% y/y growth in January-July
By bne IntelliNews September 23, 2019

Retail sales in Ukraine grew by 9.9% year-on-year in real terms in January-August following a 10.1% y/y growth in January-July, the nation's state statistics service reported on September 20.

In August, retail increased 6.7% y/y and 3.4% month-on-month in real terms. Regionally, the highest retail growth in January-August occurred in the Vinnytsia (18.2% y/y), Ternopil (17.1% y/y) and Kyiv (16% y/y) regions. It was slowest in the Chernivtsi (-0.6% y/y), Chernihiv (0.8% y/y), Kherson and Zakarpattia (2.1% y/y) regions.

Evgeniya Akhtyrko at Kyiv-based brokerage Concorde Capital wrote in a note on September that retail sales continue to demonstrate robust growth driven by high consumer demand and cooling inflation. The expert expects real retail to increase 8-9% y/y in 2019 (vs. 5.8% y/y in 2018).

 

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