Page 20 - UKRRptOct19

Evgeniya Akhtyrko at Kyiv-based brokerage Concorde Capital wrote in a note on September 24 that Ukrainian industry is failing to show any signs of improvement. "Surprisingly, the food industry is not able to demonstrate consistent growth despite swelling harvests for the second year in a row," she added.
Meanwhile, output in the machinery and metallurgy sectors continues to decline as domestic demand remains weak and the situation at the external markets is cloudy. Industrial output is not likely to show any noticeable growth in 2019, Akhtyrko added. "The weak industrial performance will negatively affect overall economic growth, resulting in slower GDP growth in the second half of 2019."
4.2​ Inflation
4.2.1​ CPI dynamics
Ukraine’s inflation rate fell in August – the third month in a row. ​Prices in August were 8.8% higher than in August 2018, reports the State Statistics Service. For visitors with dollars, prices seemed higher because the hryvnia has appreciated against the dollar by 10% this year. The National Bank of Ukraine forecasts that the inflation rate at the end of the year will be 6.3%.
Ukraine’s consumer inflation slid 0.3% m/m in August ​owing to dropping prices for food, clothing and footwear, utilities and maintenance, and transportation, the State Statistics Service reported on Sept. 9. Consumer prices declined 0.6% m/m in July.
Annual inflation slowed to 8.8% y/y in August from 9.1% y/y in July.
20​ UKRAINE Country Report​ October 2019 ​ ​www.intellinews.com