Industry down 1.5% for 11M2012

Industry down 1.5% for 11M2012



18 грудня 2012 года
Конкорд Капитал

Industrial output declined 3.7% yoy in November, extending the recession to six months, UkrStat reported on Dec. 17. The cumulative 11M12 decline stood at 1.5%. In line with trends, oil refinery (-30.3%), machinery (-6.8%), chemical industry (-3.9%) and metallurgy (-2.1%) contributed the most to the output drop. The utilities and mining sectors also continued falling, with -8.8% yoy and -2.9% yoy respectively.



Alexander Paraschiy: The industrial figures are in line with our expectations of feeble external demand. By the end of 2012, the result will be close to our estimate of -1.7% yoy. Next year, we assume some revival of the markets but still the rebound will be only marginal. We project +1.5% to +2.0% for 2013.

Источник: Конкорд Капитал

Аналитик: Александр Паращий
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