The state of the current account in July, Ukraine has worsened
Aug 21st, 2009 | By admin | Category: Main Newscurrent account deficit of balance of payments of Ukraine in July rose to $ 355 million to $ 78 million in June, according to the website of the National Bank of Ukraine (NBU), with reference to the preliminary data.
The deficit of current account balance of payments in July 2009 rose to $ 355 million compared with $ 78 million in June (for the January-July current account deficit amounted to $ 1.218 billion) - indicated in the message.
As reported previously NBU estimated current account surplus in June 2009 at $ 66 million
National Bank said that in January-July-2008 current account deficit stood at $ 7.258 billion, including in July - $ 199 million
The report also indicates that lack of financial accounts in July 2009 decreased to $ 589 million c $ 654 million in June (it had estimated in June at $ 798 million): for January-July 2009 the value reached $ 7.014 billion (for same period of last year, the surplus $ 12.14 billion, including in July - $ 2.806 billion).
In general, according to the National Bank, the consolidated deficit of the balance of payments of Ukraine for January-July 2009 amounted to $ 8.232 billion, an increase from July at $ 944 million for seven months last year, the consolidated balance of payments surplus stood at $ 4.882 billion, including July - $ 2,607 billion
regard to the structure of current account, the report notes that the trade deficit in goods in July increased to $ 717 million to $ 167 million in June, mainly due to growth in imports (at 23.4% as compared to June).
Exports of goods in July 2009 decreased in comparison with July of last year to 57,5% and amounted to $ 3.3 billion (to the previous month of this year, exports of goods increased by 6.8%, primarily due to increase the supply of steel products), - notes the report.
According to the National Bank, the volume of exports for January-July 2009 amounted to $ 20.922 billion, which is 48.5% or $ 19.7 billion less than in January-July 2008. Reducing the volume took place, primarily by reducing the supply of metal products (62%), mineral products (60%), exports of chemical and engineering products (by 54.8 and 45.1%).
Regarding imports, the report indicates that he in July 2009 decreased by 54.8% compared to July 2008 - to $ 3.999 billion: the previous month of this year, the volume of imports of goods increased by 23.4%.
Imports in January-July 2009 amounted to $ 23.613 billion, down 2,2 times, or by $ 27.2 billion, compared with the corresponding period of 2008. The most significant reductions have tested the import of engineering goods (by $ 11.6 billion, or 3.5 times). As a result of falling oil prices, imports of mineral products in the seven months of this year decreased 1.9-fold (to $ 6.5 billion ). the value of imports of products of chemical industry and metal products declined, respectively, in 1,7 and 2,7 times , - the message.
The report also states that the surplus of trade in services in July rose to $ 324 million to $ 251 million in June. In general, for the January-July 2009 the surplus of trade in services amounted to $ 993 million, while during the same period last year, $ 1,249 billion
National Bank also shows the evolution of the financial accounts.
Thus, according to the report, a net repayment of external liabilities of banking sector increased in July to $ 1 billion to $ 0.7 billion in June.
In July, coverage ratio of external debt payments on the new attraction (rollover) to banks amounted to 74.8%, - said the NBU.
According to the regulator, the net to include other sectors of the economy on loans and bonds in July were $ 290 million, net repayment of sector-wide management of $ 119 million
In general, according to the NBU, the negative balance of loans and bonds in July totaled $ 831 million, while in June, $ 935 million
During January-July deficit on the operations of private sector debt stood at $ 4.5 billion, while during the same period last year, inflows reached $ 10.2 billion: rollover valued at 79% (for the banks' 74% for other sectors 99%).
According to the National Bank, net foreign direct investment (FDI) in Ukraine in July remained at a fairly low level of $ 317 million, although increased compared with the previous month ($ 239 million): for January-July-2009 surplus FDI amounted to $ 2.411 billion, while during the same period last year, $ 6.936 billion
NBU also notes that the outflow of cash from the banking sector rose in July to $ 1.073 billion from $ 153 million in June (from January to July, $ 5.423 billion).
The forecast for the Baltic countries is stark, but the Swedish banks cope with the situation
Positive dynamics in commodity markets - namely, the growth of oil prices by more than 1.5%, became enthusiastic in the course of Russian Ruble
If the fixation will take place the evening arrived, the aim of the movement of index MICEX will unfinalized gap up from August 19 - 1034 points
In Tabor today neftyanka: Lukoil, Rosneft and Surgutneftegaz added nearly two percent
Almost all popular gepy paper closed on 17 August and is now trying to consolidate above the upper limits of the gaps
Merkel prefers Magna and supports sanctions against Iran
The course has increased the dollar - the evening review of cash markets
Joseph Stiglitz said that the world needs a new global reserve system
Expert: The current fall in hryvnia was not unexpected
