OREANDA-NEWS. March 30, 2010. In 2M10, the level of real wages rose by 5.1%, y/y, similar to the growth in 1M10 (6%, y/y). The nominal wages during the same period increased by 13.5%, y/y to UAH 1955.

Millennium Capital sees the news to be positive for the economy of Ukraine, since the increase in real wages anticipates the increase in the consumer demand, which is to stimulate such industries as manufacturing and trade in 2010. According to Millennium Capital’s estimation, these industries will demonstrate around 8% and 5% annual growth, respectively, in 2010, while GDP growth is expected at 4%, y/y in 2010.