Page 24 - UKRRptDec21

Service reported on November 22. In 10M21, retail increased 11.5% y/y (vs. 7.0% y/y in 10M20).
The highest growth of retail sales in 10M21 occurred in Chernivtsi (26.8% y/y), Ternopil (24.9% y/y) and Zakarpattia (19.5% y/y) regions. The slowest growth rates were in Kharkiv (1.9% y/y), Ukraine-controlled Luhansk (6.0% y/y) region and Volyn (6.6% y/y) regions.
The growth rate of retail sales continues to decline as the effect of the low comparative base in the previous year wears off. Nevertheless, maintained by consumer demand, retail growth remains quite high in contrast with the overall weak economic performance.
Foot traffic in shopping malls is down by 30%. The drop in foot traffic at shopping and entertainment centers in Ukraine ranged from 20% to 30%, reported Interfax. The lower number of visitors are due to the introduction of quarantine restrictions, said Ihor Zabolotsky, of Colliers Ukraine.
24 UKRAINE Country Report December 2021 www.intellinews.com