Ukraine’s real GDP in 2019 would accelerate to 3.7% from 3.3% last year thanks to high demand of households linked to record-hit high consumer confidence since 2008, growth of wages and boom in consumer lending, the ICU investment group has said.
The contribution of net exports to real GDP growth for the first time since the end of 2015 has become positive, despite the hryvnia revaluation trend, the National Bank of Ukraine (NBU) commented on changes in real GDP in the third quarter of 2019.
The growth of gross domestic product (GDP) in Ukraine in July-September 2019 was 4.1% year-over-year, whereas the pace of growth in the second quarter was higher (4.6%) and that in the first quarter was lower (2.5%).
Real wages in Ukraine on November 2019 increased by 10.8% compared with November 2018, while compared with October 2019 they decreased by 0.5%, the State Statistics Service has said.
The deficit of Ukraine’s foreign trade in goods in January-October 2019 increased by 5.75% compared to the same period in 2018 (also $8.003 billion in deficit), to $8.463 billion, the State Statistics Service reported .
The share of electricity imported to Ukraine in July-November 2019 amounted to 2.2 million MWh, or 3.5% of the total electricity supplied to the power grid (62.143 million MWh), according to a posting on the website of the transmission system operator Ukrenergo on December 28.
Consumer prices in Ukraine in November 2019 increased by 0.1% compared to 0.7% in the previous month and 1.4% in November 2018, the State Statistics Service of Ukraine has reported.
The National Bank of Ukraine (NBU) is introducing a report on concentration of risks in bank groups and on substantial intragroup transactions, which are to be submitted by authorized persons of the bank groups to the regulator starting from statements for the fourth quarter of 2020, the central bank reported on its website.
Overfulfillment of the national budget in 2020 will create preconditions for lowering personal income tax, Finance Minister Oksana Markarova has said.
Four out of 10 members of the NBU Monetary Policy Committee (MPC) have advocated cutting the key policy rate by a more radical 2 percentage points (pp), to 13.5% instead of the 1.5 pp cut, according to the results of a meeting of the NBU MPC held on December 11.
The total state (direct) and state-guaranteed debt of Ukraine in November 2019 increased 1.2%, or by $0.99 billion, to $82.82 billion, according to data on Finance Ministry’s website.
The surplus of Ukraine’s balance of payment in November 2019 was $601 million, which is 50% less than in November 2018 ($1.32 billion), according to tentative data from the National Bank of Ukraine (NBU).
Industrial production in Ukraine in November 2019 decreased by 7.5% compared to November 2018 after a decrease of 5% in October and 1.1% in September, the State Statistics Service has reported.
Industrial prices in Ukraine in November 2019 decreased by 3%, after falling by 1.2% in October and 1.5% in September, the State Statistics Service has reported.
NJSC Naftogaz Ukrainy from January 1, 2020 will offer a service of selling natural gas with 25% advance payment, Head of Naftogaz integrated gas business unit Andriy Favorov has said.
Gas Transmission System Operator of Ukraine (GTSOU), which replaced Ukrtransgaz as the operator of the Ukrainian gas transmission system on January 1, 2020, has reported continuation of Russian gas transit under the new agreement reached between Russia’s Gazprom and NJSC Naftogaz Ukrainy in furtherance of the previous ten-year contract.
The transport enterprises of Ukraine in January-November 2019 increased cargo transportation by 8.5% compared to the same period in 2018, to 619.8 million tonnes, according to the State Statistics Service. Ukraine’s transport enterprises in January-November 2019 carried 3.9 billion people, which was 5.6% less than in the same period in 2018, the State Statistics Service has reported.
The volume of construction work in Ukraine in November 2019 increased by 18.9% compared to November 2018, while in October 2019 compared to October 2018 this figure rose by 14.9%.
Retail trade in comparable prices (both by legal entities and individual entrepreneurs) in Ukraine in January-November 2019 grew by 10.4% year-over-year, the country’s State Statistics Service said on Friday.
Consumer confidence of Ukrainians in November 2019 continued worsening and decreased by 4.2 points compared with October, reaching 91.7 (the values of indices can vary from 0 to 200), while a year ago the figure was 59.8, according to a study of Info Sapiens posted on its website.
Ukraine since the beginning of the 2019/2020 marketing year (MY, July-June) and as of December 23, 2019 hadexported 29.35 million tonnes of grain and leguminous plants, which is 35% more than on the same date of the previous MY.
