OREANDA-NEWS. September 17, 2009. The State Statistics Committee reported that industrial production in Ukraine in August was down 0.9% mom and 23.3% yoy. In 8M09, industrial output declined 29.6% yoy.

Concorde Capital: As before, metallurgy was the key driver of this slowdown due to rebounding external demand. Specifically, its decline equaled 21.1% yoy in August vs. -30.4% yoy in July. At the same time, industries more oriented to domestic demand (such as food and light industries) demonstrated more flat dynamics, with no significant improvement over the last few months. We expect metallurgy to continue playing a key role in Ukraine’s economic recovery in the months going forward.

Concorde Capital is a full service investment bank operating on the Ukrainian, Russian and CIS markets. In 2007 Concorde Capital’s analytical team was recognized as the Top Team covering Ukraine by Thomson Extel's Pan European Survey. Senior Analyst Alexander Paraschiy was recognized as the Leading Pan-European Investment Analyst – European Emerging Markets. Concorde Capital is a leader when it comes to private placements and M&A deals. Concorde Capital’s sale of a stake in Electron Bank to Volksbank International AG was named the Best Ukrainian M&A deal of the year 2007 by the Adam Smith Institute.