Page 19 - UKRRptOct19

accelerated growth in real imports and slowing real export growth. Bankers expect economic growth to weaken in 2H19. Firstly, agricultural growth will be lower due to a high comparative base effect. Secondly, the performance of mining and manufacturing is not likely to advance significantly.”
4.0​ Real Economy 4.1​ Industrial production
Ukraine's industrial output declined by 1.7% year-on-year in August
following a 0.2% y/y drop in July, the nation's state statistics service reported on September 23.
Seasonally adjusted output declined 0.5% month-on-month. In January-August, industrial output inched up 0.1% y/y.
Manufacturing output shrunk 4.1% y/y in August (after 0.3% y/y growth in July). In particular, food production dropped 3.2% yoy (vs. a 4.4% y/y increase in July). Like in the previous month, metallurgy output slid 3.2% y/y.
The machinery production declined by 4.7% y/y (vs. a 0.1% y/y decrease in July). Mining output rose 2.7% y/y in August, speeding up from 0.1% y/y growth in the previous month. In particular, iron ore production surged 9.2% y/y. At the same time, coal output declined 5.5% y/y and oil and natural gas production fell 0.8% y/y.
Production of electricity and natural gas improved 2.1% y/y in August (vs. a 3.6% y/y drop in July).
19​ UKRAINE Country Report​ October 2019 ​ ​www.intellinews.com