10:46 27.03.2015

Deficit of Ukraine's balance of payments in February shrinks to $743 mln

1 min read

The deficit of Ukraine's balance of payments in February 2015 was estimated at $743 million, which was 65.5% down on February 2014 ($2.139 billion) and 16.5% down on January 2015 ($890 million), the National Bank of Ukraine reported on its website.

"In February 2015, the deficit of the consolidated balance of payments amounted to $743 million, which was $1.4 billion down from February 2014 ($2.1 billion), due to a decline in outflows of assets from the financial account," the report said.

The deficit of the capital and financial accounts in February 2015 stood at $338 million, which was 80.8% down on February 2014 and 36.3% down on January 2015.

At the same time, the deficit of the current account rose in February 2015 by 2.5% year-over-year to $405 million. Its increase against January 2015 was 12.8%.

"The contraction of goods exports continued accelerating against January and made up 34.1% year-over-year, nominal [export] volumes were $3.2 billion. Almost all key groups of commodities saw a decline in exports. The annual rate of a decline in goods imports remained at the level of January, being 32.9%, while nominal volumes stood at $3.7 billion," the report said.

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