Ukraine’s retail trade grows 8% in May

Ukraine’s retail trade grows 8% in May
Ukraine’s retail trade grows 8% in May, down slightly from 9.1% growth in April
By bne IntelliNews June 21, 2019

Ukraine’s retail trade expanded by 8.2% y/y in real terms in May, decelerating from 9.1% y/y in April, Ukraine’s State Statistics Service reported on June 20.

On a month-to-month basis, retail sales rose 1.1% in real terms.

In 5M19, retail trade increased 9.6% in real terms (vs. 5.0% y/y in 5M18). Regionally, the highest retail growth in 5M19 occurred in the Vinnytsia (18.3% y/y), Cherkasy (15.6% y/y) and Odesa (15.2% y/y) regions. It was slowest in the Chernihiv (0.5% y/y), Chernivtsi (0.8% y/y) and Zakarpattia (2.1% y/y) regions.

“Real retail continued to advance in May, driven by personal income growth (mostly wages). We expect real retail trade to increase 6-7% y/y in 2019 (vs. 5.8% y/y in 2018),” Evgeniya Akhtyrko of Concorde Capital said in a note.

 

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