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4.4.3 Retail sector dynamics
In May, Ukraine’s “main retail sectors” largely returned to pre-crisis levels of February, reports PrivatBank, the nation’s largest bank. Drawing on data from bank card use, ‘non-cash turnover’ in grocery stores in May was 23% above February. Electronics and household appliances was down 43% in April, then returned to normal in May. Similarly, gas station spending returned to normal in May. The bank concludes: “In May 2020, the trade turnover in the
33 UKRAINE Country Report July 2020 www.intellinews.com