Ukraine retail trade advances 8% in 11M20

Ukrainian retail sales accelerated to 7.8% yoy growth
in real terms in 11M20 from 7.6% yoy growth in 10M20, Ukraine’s State
Statistics Service reported on Dec. 21. In November, retail sales advanced
12.1% yoy (vs. 15.2% yoy growth in October), or 0.2% m/m.

Regionally, the highest retail growth in 11M20
occurred in the Kyiv (16.7% yoy), Zaporizhia (15.5 yoy) and Chernihiv (12.8% yoy)
regions. The decline of retail sales was limited to the Zakarpattia (-4.5% yoy)
region.

Evgeniya Akhtyrko: Retail sales in Ukraine are booming, backed by fast growth of real wages. Strong household consumption is helping the
economy to offset falling investments. We expect Ukraine’s retail sales to
increase 8.0% yoy in 2020 (vs. 10.3% yoy in 2019).