Ukraine sees retail trade grow to US$8 bln in 1Q 2018

Retail trade in Ukraine grew by 7.6% in January-March 2018 (the first quarter/Q1 2018) year-over-year (y-o-y) in comparable prices, to UAH 209.556 billion (US$8 billion).

However, the Ukrainian State Statistics Service has not provided statistics in monetary terms before.

At the same time, last year the agency reported that in January-March 2017 retail turnover amounted to UAH 164.7 billion ($6.3 billion), which was 27.2% down against 2018.

According to the statistics service, comparing data from the relevant periods of the previous year would not be correct, as the 2018 price index has been taken into account and the previous period figures may be updated according to the quarterly report.

Read alsoUkraine exports show upward trend: TOP 6 marketsRetail turnover increased most in Vinnytsia region (by 12.3%, to UAH 5.676 billion), Zakarpattia region (by 11.8%, to UAH 4.971 billion), Mykolaiv region (by 10.8%, to UAH 4.911 billion), Sumy region (by 9.9%, to UAH 4.265 billion), Lviv region (by 9.7%, to UAH 12.939 billion) and Chernihiv region (by 9.6%, to UAH 4.132 billion).

The growth of retail trade over the period under review slowed most in Chernivtsi and Rivne regions (by 1.9%, to UAH 3.321 billion and by 3.4%, to UAH 3.747 billion, respectively). At the same time, none of the regions posted decline in retail trade.

Turnover of enterprises involved in retail trade in Q1 2018 was estimated at UAH 151.027 billion, or $5.8 billion, which was 7.6% up y-o-y.

As UNIAN reported earlier, retail trade in Ukraine grew by 8.8% in 2017 against 2016 (in comparable prices), to UAH 816.553 billion (US$31.2 billion).