Industrial Output Growth Doubles In 2006
15 January 2008
According to the State Statistics Committee, industrial output growth for 2006 came to 6.2% yoy, double 2005’s figure (3.1%), due mostly to strong growth in metallurgy (+8.9% yoy), machine building (+11.8% yoy) and food (+10% yoy). In December industrial output reached 12% yoy, up from 8.3% yoy in November. Alexander Viktorov: Annual industry growth was slightly below our 2006 estimate of 6.5%. We expect Ukraine’s industries to continue this healthy growth trend in 2007 despite the upcoming gas price hike which will have a negative effect on the chemical sector.
