Ukraine retail sales advanced 10.2% year-on-year in real terms in in January-October, accelerating from 9.8% y/y, the nation's state statistics service reported on November 20.
In October alone, retail jumped 11.0% y/y, or 2.3% month-on-month in real terms. Regionally, the highest retail growth in January-October occurred in the Kyiv (19.3% y/y), Vinnytsia (19.2% y/y), and Ternopil (17.8% y/y) regions. It was slowest in the Chernivtsi (-4.5% y/y), Chernihiv (0.9% y/y), and Zakarpattia (1.5% y/y) regions.
Evgeniya Akhtyrko at Kyiv-based brokerage Concorde Capital believes that relatively low consumer inflation in October helped to maintain a high pace of retail growth in real terms.
Concorde expects real retail to increase 8-9% y/y in 2019 (vs. 5.8% y/y in 2018).
The sector, which is a major contributor to the economy, was severely hit by the coronavirus pandemic.
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