Ukraine 4M18 retail sales increase 7% yoy

22 May 2018

Ukraine’s 4M18 retail sales in real terms increased 7.0% yoy compared to 7.6% yoy growth in 1Q18, Ukraine’s State Statistics Service reported on May 21. In 4M17, retail sales grew 5.8% yoy.

 

Regionally, the highest growth occurred in the Vinnytsia (11.1% yoy growth), Zakarpattia (9.2%) and Sumy (8.9%) regions, while Rivne (2.6%), Chernivtsi (3.3%) and Zaporizhia (3.5%) were the slowest.

 

Evgeniya Akhtyrko: We don’t expect further slowing in retail sales this year. Amid the continuing growth of real disposable income, the consumption by Ukrainians will continue to grow at least to compensate their thrifty consumer behavior during the economic collapse in 2014-15. We expect real retail sales will maintain a growth rate of 7-8% yoy in 2018, while private consumption will be the major contributor to economic growth.