In Q2, the nominal income rose by 5% y/y to UAH 362.5bn (USD 45.31bn), the State Statistics Service has announced. The available income, which may be used by population for the purchase of goods and services, grew by 4.3% to UAH 274.345bn, while available income determined with taking a price factor into consideration, grew by 4.7%. Available income per person in Q2 amounted to UAH 6,028, an increase of 4.5% y/y. Overall increase in earnings was due to an increase in remuneration of labour by 3.4% and social assistance by 5.5%. Expenses of the population in Q2 increased by 9.1% y/y.
The real disposable income grew by 7.1% y/y to UAH 239.7bn (USD 29.96bn) in Q1. Real income per person amounted to UAH 5,264, an increase of 7.3% y/y. Savings of the population amounted to UAH 15.39bn in Q1, up by 15.3% y/y. In 2012, the available income, which may be used by population for the purchase of goods and services, grew by 10.3 %, whereas real available income, determined after taking a price factor into consideration, grew by 9.7%.
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