Monthly data on key sectors point to extended contraction

Макроэкономика 19.02.2015 January's data on several more key economic sectors showed industrial production down a significant 21.3% YoY, with the Donetsk and Luhansk oblasts being the most seriously affected. Construction contracted 36.7% from January one year ago. Along with the recently published data on the agriculture, retail trade, and transport sectors, yesterday's statistics point to a double-digit decline (10-12% of real GDP in 1Q of 2015).