Through September, retail sales are up by 5.5% in real terms, year over year

Thursday, October 25, 2018
Through September, retail sales are up by 5.5% in real terms, year over year

Through September, retail sales are up by 5.5% in real terms, year over year, reports the State Statistics Service. This time last year, retail sales were up 8.8%. This year’s growth champions are: Luhansk, up 27.9%; Donetsk up 13.7% and Poltava up 11.1%. As usual, volume champions were: Kyiv — up 3%; Dnipro – up 6.6%; and Kharkiv – up 1%. Concorde Capital’s Evgeniya Akhtyrko writes: “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.” Dragon Capital write retail sales are supported by 16% year over year growth of real salaries in August, and by a 26% year over year growth in remittances, to almost $1 billion a month this year.

Support independent journalism team

Dear Ukraine Business News reader, we are a team of 20 Ukrainian journalists, researchers, reporters and editors who would humbly ask for your support.

Previous post
Facing potential cuts in Russian gas deliveries in 2020, Naftogaz plans to invest $1.2 billion to boost natural gas production next year

Facing potential cuts in Russian gas deliveries in 2020, Naftogaz plans to invest $1.2 billion to boost natural gas production next year

Next post
Ukraine has raised $2 billion in Eurobonds -- $750 million for five years, and $1.25 billion for 10 years

Ukraine has raised $2 billion in Eurobonds -- $750 million for five years, and $1.25 billion for 10 years

Previous Main Topics