Page 27 - UKRRptNov20

4.5.3​ Retail sector dynamics
Ukraine retail sales speed up to 7% y/y growth in 9M20. ​Ukrainian retail sales accelerated to 6.7% y/y growth in real terms in 9M20 from 6.0% y/y growth in 8M20, Ukraine’s State Statistics Service reported on October 21.
In September, retail sales advanced 11.6% y/y (vs. 8.7% y/y growth in August), but declined 0.7% m/m in real terms.
Regionally, the highest retail growth in 9M20 occurred in the Kyiv (16.6% y/y), Zaporizhia (14.1% y/y) and Chernihiv (12.4% y/y) regions. The top losers remained the Zakarpattia (-7.0% y/y) and the Chernivtsi (-1.2% y/y) regions.
The growth of Ukraine’s retail sales continues to offer surprises. Unless Ukraine’s government resorts to another large-scale national lockdown through the year end, we are likely to see 8-9% y/y retail growth in 2020 (vs. 10.3% y/y in 2019).
27​ UKRAINE Country Report​ November 2020 ​ ​www.intellinews.com