REUTERS
The situation in the industry worsened.
The growth of Ukraine's real GDP in the third quarter of 2019 (Q3) slowed to 3.5% year-on-year over weak indicators in key business sectors.
The situation in the industry, in particular, mining and metallurgy, deteriorated, amid further worsening of external conditions for exporters, the National Bank of Ukraine (NBU) said in its inflation report for October.
Read alsoUkraine sees over US$821 mln budget deficit in Jan-Sept
This, in turn, affected the performance of freight transport. The results of financial and insurance activities were also worse, primarily due to a less favorable comparison base.
At the same time, the National Bank notes, agricultural growth rates remained high with the support of a significant harvest of late grain and oilseed crops, which offset the lower yield of potatoes, fruit and berry crops. The report also said that GDP growth in the third quarter was supported by consumer demand amid significant improvement in consumer sentiment, rising wages and higher pensions. This supported high growth in retail and passenger traffic.
As UNIAN reported earlier, Ukraine's economic growth in the second quarter of 2019 in annual terms accelerated to 4.6%.