Decline in industrial production deepens further in September

Decline in industrial production deepens further in September



18 жовтня 2012 года
Конкорд Капитал

The decline in Ukraine’s monthly industrial production deepened to -7.0% yoy in September, the fourth consecutive month down after -4.7% in August and -0.9% in July, UkrStat reported yesterday. This brought the cumulative 9M12 output to -1.2% yoy in 9M12 vs. -0.4% in 8M12. Machinery was the key driver, falling 20.1% yoy (vs. -13.7% yoy in August) now showing a 4.8% decline for 9M12.The decline in metallurgy slowed to -9.4% yoy in September (after -12.5% yoy in August), which still accelerated 9M12 fall to -4.5% (vs. -3.8% in 8M12). Food processing was down for the second month: -4.7% yoy (-0.9% in August). The utility sector remained the brigh spot with 6.1% yoy growth last month (+5.1% yoy in 9M12).

Alexander Paraschiy: With just a quarter left to year-end and no significant progress being seen in key sectors, machinery and steel, a decline in industrial production this year looks inevitable. We lower our 2012 industrial production forecast to -1.6% yoy.

Источник: Конкорд Капитал

Аналитик: Александр Паращий
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