Ukraine Shows Stable Economic Performance

BusinessEconomy ♦ Published: July 18, 2012; 12:46 ♦ (Vindobona)

After a major depression in 2009, the Ukrainian economy grows steadily. However, in June, industrial output fell slightly, Austrian RCB analyzes.

Ukraine Shows Stable Economic Performance / Picture: ©

Manufacturing output plunged by 3.9% yoy in June (the lowest since October 2009). The worst performance has been registered in the production of coke and refined petroleum products (-33.8% yoy) amid the near-collapse of domestic oil processing industry. The output in machine building industry fell by 8.9% yoy in June apparently driven by plunging external demand (first…