The fall of industrial production index (IPI) slowed to 8.7% in July compared to 17.6% in previous month due to a boost in agricultural output, according to the National Bank of Ukraine (NBU).
Production level in agriculture increased by 1.9% in July against a drop of 17.2% in June, according to the NBU website.
The NBU has also reported the improved wholesale turnover: the fall slowed down from 14.3% in June to 13.5% in July, mainly due to the base effect.
The rate of decline in retail trade has reduced significantly - up to 18.2% in July compared to 24.1% in the previous month, due to improved trade performance in Donetsk and Luhansk regions, as well as due Ukrainians re-orienting to spending their vacations within the country’s borders.
Read alsoCultivating ties: Ukraine feeds China's growing appetite for cropsAs UNIAN reported earlier, the decline of industrial production output was at 13.4% compared to 18.1% recorded in the previous month.
Compared with June, 2015, the industrial output rose by 3.4%. in July
In January-July, the decline in industrial production amounted to 19.5% compared to the same period last year.