Industrial output growth stays negative in July

Industrial output growth stays negative in July



17 серпня 2012 года
Конкорд Капитал

Industrial output declined 0.9% yoy in July - the second straight month in negative territory, according to UkrStat. Cumulative 7M12 growth stood at 0.2%. The performance of export-oriented sectors was truly dissappointing: metallurgy (down 8.6% yoy in July) and machinery (down 7.4% yoy) both posted the sharpest drop in monthly output YTD. Domestic demand-driven food-processing remained marginally positive (+0.4% yoy) while utilities surged 10.2% yoy.

Vitaliy Vavryshchuk: We think the chances for a reversal in the industry growth trend are negligible - the sector is set to stagnate through end-2012 due to feeble external demand. We stick with our 2012 industry growth projection of 0.2%.

Источник: Конкорд Капитал

Аналитик: Виталий Ваврищук
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