Ukraine Jan-July industry output up 4.8 pct

KIEV - Ukraine’s industrial output growth climbed to 4.8 percent in the first seven months of the year compared with a 3.8 percent rise in the same period a year ago, a senior adviser to the central bank chairman said on Wednesday.

By (Reuters)

Published: Wed 9 Aug 2006, 7:59 PM

Last updated: Sat 4 Apr 2015, 2:09 PM

Valery Lytvytsky told Reuters that quicker industrial output growth since the start of the year would push gross domestic product expansion up to 5.8 percent in the January to July period.

He also said output jumped by 11.4 percent in July in year-on-year terms and was up by 4.3 percent compared with the previous month.

A revival of investment, improving world markets for exporters and government steps to support domestic markets were behind the quicker industrial output growth in January to July, he said.

“Considering that industry gives about 26-27 percent of GDP, then GDP may grow by between 5.6-5.8 percent in the seven months depending on the results in the agricultural sector and trade,” Lytvytsky said.

GDP grew by 5 percent in the first half of the year compared with the same period of 2005.

The government expects GDP to grow by about 7 percent this year compared with 2.6 percent rise in 2005.

Industrial output growth slowed to 3.1 percent in 2005 compared with 12.5 percent in 2004.

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