Retail trade increased 9.1% y/y in real terms in April, slightly accelerating from 8.9% y/y in March, Ukraine’s State Statistics Service reported on May 21. On month-to-month basis, retail sales declined 2.2% in real terms.
In 4M19, retail trade increased 7.9% in real terms (vs. 4.4% y/y in 4M18). Regionally, the highest retail growth in 4M19 occurred in the Vinnytsia (13.5% y/y), Kyiv (10.9% y/y) and Donetsk (10.0% y/y) regions. It was slowest in the Chernihiv (1.4% y/y), Kirovohrad (3.3% y/y) and Chernivtsi (3.9% y/y) regions.
Evgeniya Akhtyrko of Concorde Capital said in a note: “Being driven by personal income growth (mostly wages), real retail continued to pick up in April despite reinforced inflation. Amid poor expectations on industrial growth and slower expansion of agriculture in 2019, the high growth pace in trade is helping to support overall economic advancement. We expect real retail trade to increase 6-7% y/y in 2019 (vs. 6.2% y/y in 2018)."