International Reserves in Ukraine
Ukraine - International ReservesSequential data hints at a fragile recovery in Q3, after the Covid-19 outbreak and associated lockdown measures pummeled activity in Q2. Industrial output continued to shrink in September, although at a softer pace than in August thanks to less downbeat manufacturing and energy production. More positively, retail sales growth was robust in Q3, which, coupled with steadily firming, albeit still weak, consumer sentiment, bodes well for household spending. That said, the persistent rise in Covid-19 cases, which picked up notably in October, prompted the government to extend the adaptive quarantine system until year-end—raising the possibility of tightening restrictions and thus potentially hampering the recovery in Q4. In politics, the 25 October local elections dealt a setback to President Zelensky given the weak results for his party and declining approval ratings.
Ukraine - International Reserves Data
|International Reserves (USD)||13.3||15.5||18.8||20.8||25.3|
5 years of economic forecasts for more than 30 economic indicators.
Ukraine International Reserves Chart
Source: National Bank of Ukraine and FocusEconomics calculations.
|Bond Yield||19.00||0.0 %||Jul 27|
|Exchange Rate||23.70||0.30 %||Jan 01|
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December 23, 2020
Industrial production dipped 0.3% in November, improving notably from the previous month’s 5.0% contraction.
December 21, 2020
GDP fell at a softer rate of 3.5% year-on-year in the third quarter, according to a second estimate released on 21 December.
December 10, 2020
Consumer prices increased 1.30% from the previous month in November, accelerating from the 1.00% increase logged in October.
December 10, 2020
At its 10 December meeting, the National Bank of Ukraine (NBU) kept the key policy rate unchanged at its all-time low of 6.00%, marking the fourth consecutive hold and coming in line with market expectations. The NBU’s decision to maintain its loose policy stance was chiefly driven by precarious economic conditions due to lingering pandemic-related restrictions.
November 23, 2020
Industrial production declined 5.0% over the same month last year in October, sharper than September’s 4.4% slump and marking 13 consecutive months of falling output.