Investor Presentaiton
Comments
Increasing consumer demand remains the main driver of
Ukraine's real GDP growth
Final private consumption grew by 8.9% (y-o-y) in 2018
and further accelerated to 10.7% in Q1 2019, whereas
retail trade turnover increased by 10.1% in July 2019
Consumer demand is driven by a number of factors,
including among others improving consumer sentiments,
rise in real wages, consumer lending and personal
money remittances
Real wages went up by 9.5% in July 2019 with growth
being supported by the economic expansion, 12.1%
increase in minimum wage in 2019 and increased
competition for the labor force
Private consumption and consumer sentiments evolution
September 2019
Consumer sentiments index (eop)
Private consumption growth, % (y-o-y)
Source GFK, Info Sapiens, State Statistics Service of Ukraine
Jan-15
Solid economic recovery track (2/3)
Real wages growth and average monthly nominal wages
30%
20%
10%
0%
(10)%
(20)%
(30)%
(40)%
10 971 12,000
10,000
9.5%
8,000
6,000
4,000
Real wages growth (y-o-y), %
2,000
Average monthly nominal wage, UAH
,0
90
82.4 14%
12.0%
12.2%
15%
80
65.6
11.7% 10.7%
65.3
8.8%
12%
10%
4.0%
70
57.1 55.5
59.4
59
60 50.1
60.3 57.7
8.2%
62.6 62.2
5%
2.4%
10%
8.5%
0%
50
6.2%
7.5%
8%
5.3%
6.9%
(5%)
40
6%
30
(10%)
2.7%
4%
20
(15%)
2%
10
(20%)
0
0%
(25%)
(20.7%)
Q3 Q4 Q1
'16 '16 '17
Q2 Q3 Q4 Q1 Q2 Q3
'17 '17 '17 '18 '18 '18 '18
Q4
Q1
'19
GR
Q2
'19
(30%)
(25.3%)
Jan-15
Apr-15
Jul-15
Oct-15
Jan-16
Apr-16
Jul-16
Oct-16
Apr-15
Jul-15
Oct-15
Jan-16
Apr-16
Jul-16
Oct-16
Jan-17
Source State Statistics Service of Ukraine
Retail trade growth (y-o-y)1, %
Note 1 To the corresponding period of the previous year on a cumulative basis
Source State Statistics Service of Ukraine
Jan-17
Apr-17
Jul-17
Oct-17
Jan-18
Apr-18
Jul-18
Oct-18
Jan-19
Apr-19
6
CO
Jul-19
BA
Apr-17
Jul-17
Oct-17
Jan-18
Apr-18
5.1%
6.8%
Jul-18
Oct-18
Jan-19
10.1%
Apr-19
Jul-19View entire presentation