Page 26 - bne IntelliNews Ukraine Country Report May 2017

4.4.3 Retail sector dynamics
Ukraine’s retail sales turned positive in 2016 after crashing in 2015. Retail sales fell by 31.1% y/y in March 2015, the nadir of the crisis, but went back into the black in January growing by 0.1%. In September retail sales grew 4.1% y/y.
Apart from a small set back in February, retail sales surged in March, up by 13.4% that month, before settling into a more steady growth rate of about 5% a month since then.
However, part of this growth is a low base effect , but the growth trend should continue now inflation is falling, nominal wages are rising and companies are beginning to invest again.
26 RUSSIA Country Report April 2017 www.intellinews.com