OREANDA-NEWS. March 1, 2010. According to the preliminary data released by the State Statistics Committee, the real GDP decreased by 15%, y/y in 2009, while the nominal GDP amounted to UAH 912.6bn. The main contributor to the nominal GDP was the service sector (public administration and services, sports and culture services, mass media etc.), taking up a 30.3% share in the GDP. Meanwhile, manufacturing, trade and transportation account for 17.9%, 15.4% and 12.9% of GDP, respectively.

Millennium Capital sees the news to be neutral, since the announced GDP drop lies in line with both Millennium Capital’s latest forecasts and business expectations in the country. Millennium Capital expects the real GDP to increase by around 4% in 2010, mainly due to the growth of output in engineering, metallurgy and agriculture in the wake of the acceleration in the level of both international and domestic demand.