New industrial orders in February

Макроэкономика 02.04.2015 Recently released statistical data on industrial orders for February showed that the devalued hryvnia had a visible impact. Inflation adjusted data showed encouraging results. External orders rose 23.7% YoY while domestic orders contracted a further 4.7% albeit at a slower pace than a month ago. Total monthly orders rose 8.9% YoY in price adjusted terms. Overall, February is the first month in last eight months that new orders have stopped declining. The benefits of the currency devaluation came through this February as foreign industrial orders increased.