In Ukraine, the situation in the economy has improved noticeably

27 July 2017, 10:32 | Economy
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The gross domestic product of Ukraine in January-June 2017 increased by 2.5%.

The relevant data are given in the report of the Ministry of Economic Development and Trade.

The growth of consumer and investment demand stimulated the development of mainly those types of economic activity that are focused on their satisfaction, in particular, textile production, food industry, engineering and construction materials production. As well as related industries in the service sector, in particular, construction, transport and trade.

So, in the construction sector, there was an acceleration of growth of almost 25% in the first half of the year, the retail trade turnover increased by 7.3%. This was the result of both improving business and consumer sentiment, and expanding the financial capacity of enterprises and households.



In the Ministry of Economic Development, it is predicted that the growth of consumer activity with an increase in wages, the rise in prices in selected world commodity markets (metal, iron ore, mineral fertilizers, corn) in the complex will determine the positive dynamics in some sectors of the real sector in January-September 2017.

However, the growth will be partially offset by the more restrained dynamics of the service sector.

According to the results of January-September, the Ministry of Economic Development expects a slowdown in GDP growth, including taking into account the effect in the significant basis of last year's comparison.




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