Ukraine's industrial output to rise steadily in 2011-2012: PM

February 3, 2011 11:21 am 

KIEV, Feb. 3 — Ukraine's industrial output is expected to rise by 7 to 8 percent year-on-year in 2011-2012, prime minister Mykola Azarov said on Wednesday.

"Average industrial growth in 2011-2012 is expected to stand at a level of 7-8 percent annually, and in 2013–2015 it may step up to 9-10 percent," Azarov told a Cabinet meeting while presenting an investment program.

Azarov stressed the machinery manufacturing sector in the general structure of industry production may see an accelerating growth –from the current seven to eight percent to 20 percent before 2015.

Earlier, Ukraine's Ministry of Economic Development and Trade forecast a six-percent industrial growth in 2011.

According to Ukraine's National Statistics Committee, the country's industrial output in 2010 was up 11 percent year-on-year, while in 2009 it fell by 21.9 percent due to the global financial crisis. (PNA/Xinhua)

DCT/LDV/ebp

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