Ukraine reports real wage growth at 13% y/y in September

Ukraine reports real wage growth at 13% y/y in September
Ukraine's nominal wages were up in nominal terms in September but down in both real and dollar terms m/m / bne IntellINews
By bne IntelliNews October 30, 2018

Real wages in Ukraine grew 12.9% year-on-year in September following a 15.7% y/y growth in August, the State Statistics Service reported on October 29.

The average monthly nominal wage rose to UAH9,042 a month ($321) from UAH8,977 ($334) in August, but declined 1.2% month-on-month in real and dollar terms.

The leading regions for average monthly wages remained the city of Kyiv (UAH13,614), the Ukrainian-controlled Donetsk region (UAH9,850) and the Kyiv region (UAH9,132).

The largest nominal average wage growth was in public services and defence (32% y/y) and administration services (31% y/y). Within the industrial sector, the highest nominal wages were in pharmaceuticals (UAH16,389), mining (UAH12,870), and in coke and oil production (UAH11,398).

Evgeniya Akhtyrko at Kyiv-based brokerage Concorde Capital believes that accelerated consumer inflation contributed to cooling wage growth in real terms in September. She expects real wages to climb 9-10% y/y in 2018.

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