Business news from Ukraine

MACRO MONTHLY SUMMARY – MAIN STATISTICS OF UKRAINE IN JULY 2018

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.

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MACRO MONTHLY SUMMARY – MAIN STATISTICS OF UKRAINE IN MARCH 2018

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.

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