The World Bank has lowered its forecast for growth of Ukraine’s gross domestic product (GDP) in 2018 to 3.3% from 3.5%, Lead Economist and Program Leader covering Belarus, Moldova and Ukraine at the World Bank Faruk Khan said.
The International Monetary Fund (IMF) in the October 2018 World Economic Outlook (WEO) lowered its estimate for the growth in Ukraine’s gross domestic product (GDP) in 2019 to 2.7% from 3.3% projected in April.
The Board of Directors of the International Monetary Fund (IMF) is ready to approve a new program to support the economic policy of Ukraine, a Stand-By Arrangement, only after the final review of heating tariffs in accordance with the increase in gas prices.
Ukraine’s Verkhovna Rada has approved a resolution on the conclusions and proposals to a bill on the national budget for 2019 drawn up by the parliamentary budget committee, which means the adoption of the draft national budget at first reading.
The deficit of Ukraine’s foreign trade in goods in January-August 2018 increased by 45.7% compared to January-July 2017, to $5.004 billion (it was $3.434 billion in January-August 2017.
Inflationary pressure remains high, despite the weakening of the food inflation, the National Bank of Ukraine (NBU) has said, commenting on the September inflation figure on its website.
Consumer prices in Ukraine after a decline by 0.7% in July and stability in August grew by 1.9% in September, and since early 2018 their growth was 5.6%, the State Statistics Service has reported.
The surplus of the national budget of Ukraine in January-September 2018 amounted to UAH 7.329 billion.
The National Bank of Ukraine (NBU) has reviewed upwards growth of consumer prices in 2018 to 10.1% from 8.9%, taking into account the fact that large inflation pressure remains and the regulated prices are increased, the central bank has reported on its website.
The World Bank has improved its forecast for Ukraine’s state and guaranteed debt in 2018 to 67.2% from 75.1% of GDP, in 2019 – from 73.5% to 64.8% of GDP, and in 2020 – from 68.4% to 62.4% of GDP, the World Bank said in its latest Ukraine Economic Update.
The aggregate state (direct) and state-guaranteed debt of Ukraine in September 2018 decreased by 0.25%, or by $0.19 billion, to $74.66 billion, according to the website of the Ministry of Finance.
The international reserves of Ukraine in September 2018 decreased by 3.5% and as of October 1 amounted to $16.638 billion, the corresponding preliminary data have been posted on the website of the National Bank of Ukraine (NBU).
The balance of payment in August has a surplus of $27 million, the National Bank of Ukraine (NBU) has reported.
Industrial production in Ukraine in September 2018 decreased by 1.3% compared to September 2017, while in August it fell by 0.5% compared to August 2017, in July the growth was 2.9%, in June this figure was 2.2%, and in May some 2.5%, the State Statistics Service has said.
Retail trade turnover in Ukraine in January-September 2018 increased by 5.5% in comparable prices in comparison with January-September 2017, the State Statistics Service has said.
Ukrainians in September were optimistic about the country’s economic development over the next year – the respective index grew by 10 points compared with the August figure, to 62.6, and consumer confidence improved by 2.3 points.
Ukraine’s GDP in 2018 is expected to grow by 3.1% amid 9.5% inflation (Dec over Dec) and the growth is expected to slightly slow in 2019 to 3.0% amid 7.4% inflation, according to an updated consensus forecast released by Ukraine’s Ministry of Economic Development and Trade.
The growth of Ukraine’s gross domestic product (GDP) in April-June 2018 was 3.8% compared to the same period in 2017, whereas according to the preliminary assessment of the State Statistics Service, published in mid-August, this indicator was 3.6%.
The deficit of Ukraine’s foreign trade in goods in January-July 2018 increased by 42.7% compared to January-July 2017, to $4.064 billion (it was $2.848 billion in January-July 2017), the State Statistics Service of Ukraine said.
Revenue of Ukraine’s national budget in August 2018 amounted to UAH 93.96 billion, which was UAH 2.79 billion, or 2.9% less than the planned figure, the State Treasury Service of Ukraine reported.
Income from profit tax to the general fund of the national budget in January-August 2018 exceeded the planned figure by 20.2% and amounted to UAH 72.5 billion, the State Fiscal Service has reported.
Money supply in Ukraine in August 2018 grew by 0.3%, to UAH 1.233 trillion, such preliminary data of monetary statistics are posted on the website of the National Bank of Ukraine (NBU).
The gross foreign debt of Ukraine as of the beginning of July 2018 was $113.751 billion, which is 1.47% or $1.7 billion less than at the beginning of the year, according to the website of the National Bank of Ukraine (NBU).
Ukraine’s gross external debt in the second quarter of 2018 declined by $1.4 billion, or 1.2%, to $113.8 billion, and stands at about 93.6% of GDP, the National Bank of Ukraine (NBU) said, based on its preliminary estimates of GDP.
The international reserves of Ukraine in August 2018 decreased by 2.9% and amounted to the equivalent of $17.232 billion by September 1.
Industrial production in Ukraine in August 2018 decreased by 0.5% compared to August 2017, while in July the growth was 2.9% compared to July 2017, in June this figure was 2.2%, in May some 2.5%, in April some 3%, the State Statistics Service has said.
Retail trade turnover in Ukraine in January-August 2018 increased by 5.4% in comparable prices in comparison with January-August 2017, the State Statistics Service has said.
Consumer prices in Ukraine, after the decrease by 0.7% in July, in August remained unchanged, while since the beginning of the year their growth was 3.6%, the State Statistics Service of Ukraine has reported.
The growth of Ukraine’s gross domestic product (GDP) in April-June 2018 was 3.6% compared to the same period in 2017, while the growth rate in the first quarter was lower, namely 3.1%, the State Statistics Service of Ukraine said.
The indicator of economic sentiment in Ukraine, calculated by the State Statistics Service, in the third quarter of 2018 was 109.6% compared with 104% and 108.8% respectively in the second and first quarters of this year.
The negative balance of Ukraine’s foreign trade in goods in January-June 2018 increased by 33% compared to January-June 2017, to $2.658 billion (it was $2 billion in January-June 2017), the State Statistics Service of Ukraine said.
The deficit of Ukraine’s foreign trade in goods and services in the first half of 2018 was $653 million, which was 13.4 times higher than in the first half of 2017, the State Statistics Service said.
The surplus of Ukraine’s foreign trade in services in the first half of 2018 increased by 6% compared to the same period in 2017, to $2.826 billion (in the first half of 2017 some $2.658 billion), the State Statistics Service has said.
Consumer prices in Ukraine fell by 0.7% in July, while since the beginning of the year their growth was 3.6%, the State Statistics Service of Ukraine has reported.
Revenue of Ukraine’s national budget in July 2018 totaled UAH 64.46 billion, which is 0.1% more than the target, according to a Wednesday posting on the website of the State Treasury Service of Ukraine.
Money supply in Ukraine in July 2018 increased by 1.3%, to UAH 1.229 trillion, such preliminary data of monetary statistics are posted on the website of the National Bank of Ukraine (NBU).
The government of Ukraine has revised the medium-term strategy of public debt management by setting more ambitious goals to reduce direct state debt in relation to GDP, in particular, to 60% of GDP by the end of the current year, instead of the previously planned 62% of GDP.
Industrial production in Ukraine in July 2018 increased by 2.9% compared to July 2017, while in June this figure stood at 2.2%, in May at 2.5%, in April at 3%, the State Statistics Service has said.
The transport enterprises of Ukraine in January-July 2018 reduced transportation of goods by 1% compared to January-July 2017, to 356.3 million tonnes.
Transport companies in Ukraine in January-July 2018 decreased passenger transportation by 1.9% compared to January-July 2017, to 2.636 billion people.
The volume of completed construction works in Ukraine in July 2018 increased by 9.7% compared to July 2017, whereas growth in June 2018 from June 2017 was 2.2%.
Ukraine’s retail trade in January-July 2018 grew by 6% in comparable prices from January-July 2017, to UAH 505.763 billion, the State Statistics Service reported.
Growth of Ukraine’s GDP in January-March 2018 was 3.1% year-over-year.
The European Parliament (EP) on June 13 voted in favor of the third Macro-Financial Assistance (MFA) programme for Ukraine foreseeing the provision of EUR 1 billion to Ukraine.
The deficit of Ukraine’s foreign trade with goods in January-April 2018 grew 1.5-fold year-over-year, reaching $1.423 billion ($968.6 million in January-April 2017), the State Statistics Service reported.
Industrial prices in Ukraine in May 2018 increased by 0.8% after a zero growth in April, 0.3% in March, 1.2% in February and 4.4% in January.
Consumer prices in Ukraine in May 2018 remained unchanged from the previous month, while inflation was 0.8% in April, 1.1% in March, 0.9% in February and 1.5% in January.
Revenue of Ukraine’s national budget in May 2018 totaled UAH 96.85 billion, which is UAH 2.99 billion or 3.2% more than the target, the State Treasury Service of Ukraine reported on its website.
Largest taxpayers increased payment of taxes to the national budget by 20% or by UAH 21.7 billion in January-May 2018 year-over-year, to UAH 132.2 billion, the Office of Large Taxpayers has said on its website.
Money supply in Ukraine in May 2018 increased by 0.5%, to UAH 1.198 trillion, the relevant preliminary data of monetary statistics have been posted on the website of the National Bank of Ukraine (NBU).
Ukraine’s gross foreign debt amounted to $116.29 billion as of early April 2018, which was 0.25% or $288 million less than at the beginning of the year, the National Bank of Ukraine (NBU) reported on its website.
Cargo turnover of carriers in Ukraine fell by 3%, to 135.1 billion tonne/kilometers in January-May 2018.
Transport companies in Ukraine in January-May 2018 decreased passenger transportation by 1.5% compared to January-May 2017, to 1.909 billion people.
Freight handling at Ukrainian seaports in January-May 2018 totaled 54.3 million tonnes, which is 2.13% less than a year ago, according to data from the Ukrainian Sea Port Authority.
The consumer confidence index of Ukrainians after a two-month positive trend in May this year improved by another 1.5 points, to 62.9 compared with the April indicator, while in annual terms it grew by 4.9 points.
Ukraine’s retail trade turnover in January-May 2018 increased by 6.1% in comparable prices in comparison with January-May 2017.
Industrial production in Ukraine in April 2018 increased by 3% compared with April 2017, while the figure in March 2018 year-over-year was 1%, it was 1.9% in February 2018 and 3.6% in January 2018, the State Statistics Service said on Wednesday.
The authority said that with the adjustment to the effect of calendar days, industrial production in April 2018 rose by the same 3% compared with April 2017, whereas growth in March 2018 from March 2017 was by 1.6%.
Industrial production in April 2018 from March 2018 decreased by 5%, and the drop was 0.6% if the seasonal factor is taken into account.
In January-April 2018, industrial production growth accelerated to 2.6% from the same period of last year, against 2.4% in the first three months. In particular, the mining industry showed an increase from 2.3% to 3.1%, the supply of electricity, gas and steam grew from 2.1% to 3.6%. However, the processing industry demonstrated a slowdown from 2.5% to 2.2%.
The processing industry in April 2018 from April 2017 increased production by 0.8%, the mining industry by 5.6%, while in the supply of electricity, gas and steam grew by 8.6%.
In Luhansk region industrial production grew by 3% in April 2018 year-over-year, and in Donetsk region – by 11.5%.
Growth in industrial production in April 2018 was seen in Ivano-Frankivsk (14.8%), Volyn (8.3%), Poltava (8%), Sumy (6.4%), Kyiv (4%), Cherkasy and Chernivtsi (6.1% each) regions.
As reported, industrial production in Ukraine in 2017 fell by 0.1% after growth by 2.4% in 2016. The decline of 13% was seen in 2015, 10.1% in 2014, 4.3% in 2013 and 0.7% in 2012.
The International Monetary Fund (IMF) has retained its forecast for Ukraine’s GDP growth in 2018 at 3.2%, while it reviewed downwards the forecast for 2019 to 3.3% from 4%, according to the World Economic Outlook. The Parliament has ratified a guarantee agreement between Ukraine and the World Bank for a loan of $150 million. The World Bank has kept the forecast for Ukraine’s GDP growth in 2018 at 3.5%, Lead Economist and Program Leader covering Belarus, Moldova and Ukraine Faruk Khan said.
Ukraine’s GDP growth in 2018 is expected at 3.2% with inflation (December on December) of 9.7%, and next year it would slightly slow to 3.1% and accelerate in 2020 to 3.3%, according to the updated consensus forecast published by the Economic Development and Trade Ministry.
The deficit of Ukraine’s foreign trade in goods in February 2018 amounted to $457 million, while in January 2018 it was $284.1 million, the State Statistics Service has said.
Inflation in Ukraine in 2018 could again be larger than the National Bank of Ukraine (NBU) expected along with the expected increase in expenses on salaries, World Bank Economist for Ukraine, Belarus and Moldova Anastasia Golovach said in Kyiv.
Prices in the industry of Ukraine in March 2018 increased by 0.3%, while in February their growth was 1.2%, in January 4.4%, the State Statistics Service has reported.
The growth of consumer prices in Ukraine in March 2018 was 1.1% compared to 0.9% in February and 1.5% in January, the State Statistics Service of Ukraine reported.
The revenues of the national budget of Ukraine for the three months of 2018 amounted to UAH 193.567 billion, which is UAH 6.185 billion or 3.1% less than the target, the State Treasury Service of Ukraine reported on its website.
The growth of real GDP of Ukraine in the first quarter of 2018 in annual terms (quarter-over-quarter) was 2.3%, according to the assessments of the National Bank of Ukraine (NBU).
Industrial production in Ukraine in March 2018 grew by 1% compared to March 2017, while in February this figure was 1.9%, in January 3.6%, the State Statistics Service has said.
The volume of sold industrial products (goods, services) in January and February 2018 stood at UAH 402.975 billion, which is 16.3% more than in January and February 2017, in particular the volume sold abroad was worth UAH 108.704 billion (a decrease of 26.48%), the State Statistics Service has reported.
Ukraine’s retail trade turnover grew by 7.6% in comparable prices in January-March 2018 (Q1) year-over-year, the State Statistics Service said.
Consumer confidence index in Ukraine is growing for the fifth consecutive quarter: in Q4 2017 it reached 61 points, which is 3 points more than in Q3 2017 and 9 points more than in Q4 2016, according to the Nielsen global consumer confidence report.
