Ukraine GDP declines 1.1% yoy in 2Q13

Ukraine GDP declines 1.1% yoy in 2Q13



31 липня 2013 года
Конкорд Капитал

Ukraine’s 2Q13 GDP fell 1.1% yoy, according to the government’s provisional estimate released on July 31.



Alexander Paraschiy: The 2Q13 GDP result was in line with our estimates. It was difficult to anticipate positive GDP against the backdrop of sliding industrial output (-5.7% yoy in 2Q13), falling construction (-25.5% yoy in 2Q13) and slowing retail trade (+6.2% yoy in 2Q13 vs. +10.9% yoy in 1Q13). Agriculture was the only sector that sped up in 2Q13 (to 14.9% yoy from 5.9% yoy in 1Q13) but that was not enough to bring the whole economy into growth.



We are keeping our 2013 GDP growth forecast unchanged at 0.2% yoy, given the released data reflected our estimates.

Источник: Конкорд Капитал

Аналитик: Александр Паращий
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