Ukraine's April GDP Up 7.6% yoy

According to the State Statistics Committee, Ukraine’s GDP grew 7.6% yoy in April, bringing 4M07 GDP growth to 7.9% yoy, almost exactly the same as in 3M07. Construction (+13.1% 4M07), manufacturing (+14.2%) and trade (+14.9%) were the three fastest growing sectors. Alexander Viktorov: Ukraine’s GDP is likely to slow slightly in May due to the effect of last year’s higher comparison base. We stand by our forecast of 7.3% GDP growth for 2007.