Ukraine's real wage growth accelerates to 8% y/y in June

Ukraine's real wage growth accelerates to 8% y/y in June
Real wages in Ukraine grew by 8.1% year-on-year in June to reach $407
By bne IntelliNews July 30, 2019

Real wages in Ukraine grew by 8.1% year-on-year in June, accelerating from 7% y/y growth in May, the nation's state statistics service Ukrstat reported on July 29.

The average monthly nominal wage amounted to UAH10,783 a month ($407), increasing from UAH10,239 in May, or 5.8% month-on-month in real terms.

The leading regions for average monthly wages were the city of Kyiv (UAH15,650), the Ukrainian-controlled Donetsk region (UAH12,483), and the Kyiv region (UAH11,130).

The largest nominal average wage growth was in recreation services (32.2% y/y), information and telecommunications (25.5% y/y), industry (21.8% y/y) and health (21.8% y/y). Within the industrial sector, the highest nominal wages were in pharmaceuticals (UAH18,443), coke and oil production (UAH16,212), and mining (UAH15,289).

Kyiv-based brokerage Concorde Capital forecasts real wages to climb 9-10% y/y in 2019 (vs. 12.5% y/y in 2018).

 

Data

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