March Industrial Output Up 1.3% yoy.

According to preliminary data from the State Statistic Committee, industrial output rose by 1.3% yoy in March. In January-March Ukraine’s industry output grew by 0.2% yoy. Concorde Capital: The continuous fall in the metallurgical (-1.7% yoy) and chemical (-0.7% yoy) sectors were the main industry growth retractors. While the machine-building, utilities and food industries were major drivers for industrial output growth: +9.1%, +7.7% and 7.4% respectively. We estimate industrial output to grow by 4% in 2006.