Retail sales are up by almost 10%

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Retail sales are up by 9.8% through September in real, inflation-adjusted terms, compared to the first nine months of last year.

The State Statistics Service lists the hottest regions: Vinnytsia +17.6%; Ternopil +16.9%; Kyiv Oblast +15.7%; and Kyiv City +14.7%. Growing three times faster than the overall economy, retail sales are fueled by increased salaries and remittance from workers in the EU, currently clocked at $1 billion a month.

In 2018, retail sales were up 6.1% over 2017.

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