Ukraine’s retail sales increased by 5.5% year-on-year in real terms in January-September, slightly speeding up from a 5.0% y/y growth in January-August, according to the nation’s state statistics service Ukrstat.
In September alone, real retail sales picked up 6.7% y/y, but dropped 5.0% month-on-month (vs. a 7.5% y/y and 5.7% m/m rise in August).
Regionally, the highest retail growth occurred in Ukraine-controlled Luhansk and Donetsk (27.9% y/y and 13.7% y/y respectively) and Poltava 11.1% regions in January-September. It was slowest in the Kharkiv (1.0%), Chernivtsi (1.2%), and Khmelnytskiy (1.3%) regions.
Evgeniya Akhtyrko at Kyiv-based brokerage Concorde Capital believes that retail trade to accelerate through the year end, supporting economic growth. She expects real retail sales to grow 7-8% y/y in 2018.
Wages remain considerably lower than in the EU, but when compared to productivity, the apparent labour cost advantage of the Western Balkan countries disappears, says study by World Bank and wiiw.
Russia's industrial output growth surged to 4.1% year-on-year in February, after 1.1% posted in January, according to the most recent data by Rosstat agency.
Both industrial production and construction have been weakening since beginning of this year. Industrial production contracted by 1.1% and construction by 13.2% year-on-year in January 2019, according to data by the Czech Statistics Office (CSO) publ
Azerbaijan’s retail trade turnover grew by 2.6% y/y in comparable prices in the first two months of 2019, reaching AZN5.5bn (€2.9bn), the State Statistical Committee of the Republic of Azerbaijan reported.
Year-on-year inflation in Slovakia increased by 2.3% in February, with core inflation amounting to 1.9% and net inflation at 1.7%, the Slovak Statistics Office reported on March 14.