Monthly Macroeconomic review July 2017 25.07.2017

  • Real GDP increased 2.5% in the 1Q’2017, compared with the 1Q’2016. Growth slowed from 4.8% in the 4Q’2016;
  • Construction, transport and retail trade rose fast. Industrial production grew 3.8% in June, but 0.4% contraction still remains as of 1H’2017. Agriculture continued to decline;
  • 12-m CPI accelerated to 15.6% in June, compared with 13.5% month ago. 12-m PPI slowed to 26.3% from 27.1% month ago;
  • On Jul 6 NBU kept discount rate unchanged – 12.5%. Next NBU meeting will be on Aug 3.

Full report is available here