Photo from UNIAN
This is primarily due to early harvesting over the period under review.
The National Bank of Ukraine (NBU) says the actual growth rate of Ukraine's real GDP in the second quarter of 2018 (Q2) at 3.8% per annum was above the NBU expectations at 3.2%.
This is primarily due to early harvesting this year, according to the NBU website.
Read alsoUkraine's statistics agency revises upwards estimate of GDP growth to 3.8% in Q2
As reported, domestic demand (first of all consumer needs) was the main driver of GDP growth in Q2 2018.
The regulator also added the updated macroeconomic forecast would be announced on October 25.
As UNIAN reported earlier, the State Statistics Service of Ukraine revised upwards its estimate of Ukraine's real GDP growth in the second quarter of 2018 (Q2) to 3.8% year-over-year (y-o-y) in comparison with operational data, and to 1% against Q1 2018.
Ukraine's real GDP in Q1 2018 grew by 3.1% y-o-y, and by 0.9% against Q4 2017.
The National Bank forecasts a 3.4% GDP growth in Ukraine in 2018 amid 8.9% inflation.
The Ukrainian government expects economic growth at 3.2% in 2018 amid 9% inflation.
Ukraine's key lender, the International Monetary Fund, forecasts a 3.2% GDP growth in Ukraine in 2018 amid 11% inflation, while the World Bank predicts a 3.5% increase amid 10% inflation.