Ukraine reports highest industrial output in January

Ukraine reports highest industrial output in January

The CIS Interstate Statistics Committee announced that the highest industrial output in the CIS in January 2004 was recorded by Ukraine with 16.1%. In line with the report, industrial output grew by 14.4% in Georgia, 11.3% in Belarus, 8.9% in Moldova, 8.7% in Kazakhstan, 7.5% in Russia, 4.7% in Tajikistan, 4% in Azerbaijan and 2.2% in Kyrgyzstan while it decreased by 8.9% in Armenia. In January, GDP (Gross Domestic Product) grew by 9.9% in Azerbaijan, 9% in Ukraine, 8.2% in Belarus, 8.1% in Tajikistan, 4.4% in Armenia and 3.9% in Kyrgyzstan. Goods and services production in Russia's core industries also soared by 7.6%. Moreover, the highest inflation was registered in Armenia with 2.5% in January.