Thursday, May 31, 2018

Ukraine's manufacturing industry grew 6.5% in January, February as economy boosted by agriculture

The manufacturing industry and retail trade have respectively increased by 6.5% and 7.6% in Ukraine from January through February.

The country's vital agricultural sector continues to extend its influence on economy and exports. The export of agricultural products to the European Union rose by 28.1% to more than $1 billion in January and February. In addition, Kiev is building up export trade with other countries. For instance, India has become the biggest importer of Ukrainian agricultural and food products. It is worth noting too that Egypt buys a considerable amount of products from Ukraine.

Reportedly, this country's economy has bright prospects for the future. According to forecasts by experts, industrial output will increase by 3.3% this year that is expected to facilitate the rehabilitation of industry in Ukraine.

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