Industrial production in March

Макроэкономика 21.04.2015 The industrial production index rebounded by nearly 10% in March from February while in year-on-year terms the decline was still a sizable 21.1%, according to the State Statistics Office. In seasonally adjusted terms, the index was down 2.4% month-on-month and 21.5% year-on-year. Despite the deep devaluation of the hryvnia, industrial production has not yet rebounded steadily, and we expect this to become visible in the second half of this year.