Ukraine retail trade increases 5.4% in 8M18
Ukraine’s 8M18 retail sales increased 5.4% yoy in real terms, slowing from 6.0% growth in 7M18, Ukraine’s State Statistics Service reported on Sept. 20. In August, real retail sales picked up 5.7% m/m and 7.5% yoy (vs. a 3.7% m/m and 6.6% yoy rise in July).
Regionally, the highest 8M18 retail growth occurred in Ukraine-controlled Luhansk and Donetsk (27.9% yoy and 13.3% yoy respectively) and Poltava (10.8%) regions. It was slowest in the Chernivtsi (0.8%), Kharkiv (0.9%) and Khmelnytskiy (1.0%) regions.
Evgeniya Akhtyrko: We anticipate retail trade to accelerate through the year end, supporting economic growth. We expect real retail sales to grow 7-8% yoy in 2018.