Ukraine retail trade advances 8% in 2020
22 January 2021
Ukrainian retail sales advanced 8.4% yoy in 2020 as
compared to 10.3% yoy in 2019, Ukraine’s State Statistics Service reported on
Jan. 21. In December, retail sales improved 13.4% yoy (vs. 12.1% yoy growth in
November), or 20.0% m/m.
Regionally, the highest retail growth in 2020 occurred
in the Kyiv (18.7% yoy), Zaporizhia (15.7% yoy) and Chernihiv (14.2% yoy)
regions. A decline in retail sales was limited to the Zakarpattia (-2.7% yoy)
region.
Evgeniya Akhtyrko: Retail sales boomed in 2020, backed by fast growth of real wages.
Relatively low inflation, which was observed for the most of the year, also
helped to boost retail growth in real terms. We expect consumer demand to stay
strong in 2021, with retail sales accelerating to 10% yoy growth.
