Business news from Ukraine

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.

,

Q1 STATISTICS ON UKRAINIAN PRODUCTION OF MILK, MEAT, EGG

Production of milk in Ukraine in January-March 2018 (excluding the temporarily occupied territory of Crimea and Sevastopol, part of the ATO zone) decreased by 1% compared to the same period in 2017, to 1.946 million tonnes. The State Statistics Service said egg production in the first quarter of 2018 grew by 2.3%, year-over-year, to 5.511 billion units.
Production of meat (live weight) in the first three months of 2018 fell by 0.3%, to 790,000 tonnes.
As reported, with reference to statistics, milk production in Ukraine in 2017 decreased by 0.5% compared to 2016, to 10.329 million tonnes, meat (in live weight) by 0.4%, to 3.259 million tonnes. Production of eggs in 2017 rose by 3.2%, to 15.578 billion units.

, , , , ,

MACRO MONTHLY SUMMARY – MAIN STATISTICS OF UKRAINE IN FEBRUARY 2018

The State Statistics Service reported an increase of 2.5% in Ukraine’s real gross domestic product in 2017, whereas earlier the agency estimated its growth at 2.2%.
The European Commission has adopted a proposal for a new macro-financial assistance (MFA) program for Ukraine worth up to EUR 1 billion to support economic stabilization and structural reforms.
Real wages in Ukraine in January 2018 increased by 12.3% compared to January 2017, while compared to December 2017 it fell by 13.4%..
The deficit of Ukraine’s foreign trade in goods in January 2018 grew by almost 3.3 times compared to January 2017 and amounted to $284.1 million (in January 2017 some $86.7 million).
Prices in the industry of Ukraine in February 2018 increased by 1.2%, while in January their growth was 4.4%, in December 2017 some 1.7%. The growth of consumer prices in Ukraine in February 2018 was 0.9% compared to 1.5% in January.
The revenues of the national budget of Ukraine in February 2018 amounted to UAH 50.7 billion, which is UAH 13.967 billion, or 21.6% less than the planned figures, while revenues for the first two months of 2018 reached UAH 105.887 billion, which is UAH 12.386 billion, or 10.5%, less than the target.
Money stock in Ukraine in February 2018 decreased by 0.5%, to UAH 1.17 trillion, the relevant preliminary data of monetary statistics have been posted on the website of the National Bank of Ukraine (NBU).
The National Bank of Ukraine (NBU) has decided to toughen the monetary policy and increased the refinancing rate to 17% from March 2 from 16%.
The deficit of Ukraine’s balance of payment in January 2018 was $449 million, which is 2.2 times more than in January 2017 ($202 million), the National Bank of Ukraine (NBU) has published the preliminary data on its website
Ukraine’s gross foreign debt as of early 2018 was $116.578 billion, which is 2.59% more than at the beginning of 2017, according to the website of the National Bank of Ukraine (NBU).
Industrial production in Ukraine in February 2018 grew by 1.9% compared to February 2017, while in January this figure was 3.6%.
Retail trade turnover in Ukraine, excluding the temporarily occupied territory of Crimea and Sevastopol and part of the anti-terrorist operation zone, in January and February 2018 in comparable prices increased by 7.5% compared to January 2017.

,