18 October 2012 15:58 [Source: ICIS news]
In looking at why Ukraine's September industrial production sank 7% year on year — the largest single-month decline recorded in the past three years — Raiffeisen noted that strong production growth in the country's chemical industry had come to an abrupt halt.
The Ukrainian chemical industry grew 10.3% year on year in August, but September saw a mere 0.8% year on year increase, the bank said in its monthly Economic & Risks Monitoring Review for Ukraine.
Machinery building, meanwhile, decreased by 20.1% year on year in September, it added.
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