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Retail trade in Ukraine rises to $8 billion in Q1 2018

Source : 112 Ukraine

Retail businesses in Vinnytsya and Zakarpattya regions exhibited the strongest pace of growth.
12:07, 24 April 2018

Open source

Between January and March 2018 (the first quarter of 2018), retail trade in Ukraine reached a figure of $8 billion, which means it added 7.6% year-over-year in comparable prices. It should be noted, however, that the State Statistics Service of Ukraine has not produced data in monetary terms before, UNIAN reports.

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In the first quarter of 2017, according to the Service, Ukraine’s retail trade turnover stood at $6.3 billion. According to the institution, comparing information from the relevant periods would be inappropriate, as the 2018 price index has been not included and the figures from the previous period may be later updated according to the quarterly report.

What concerns geographical imbalances, the fastest pace of growth in retail turnover was observed in Vinnytsya region (rose by 12.3%), Zakarpattya region (added 11.8%), Mykolaiv region (grew by 10.8%), Sumy region (increased by 9.9%), Lviv region (+9.7%) and Chernihiv region (+9.6%). The underperforming regions include Chernivtsi (growth of 1.9%) and Rivne regions (a 3.4% increase).

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Nevertheless, no region posted a fall in retail trade turnover. Turnover of businesses engaged in retail trade in the first three months of 2018 was earlier estimated at $5.8 billion, indicating a 7.6% rise year-over-year. In 2017, Ukraine’s retail trade expanded by 8.8% compared to 2016, and reached $31.2 billion.

 

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