According to the estimate of the department of the National Bank of Ukraine (NBU), the GDP growth in August 2011 accelerated and during 8 months reached a bit over 5% compared to the corresponding period of the previous year.

The increase of the key branches production index (KBPI) in August grew up to 11.6% annually (10.8% in July) and made up 9.9% over 8 months compared to the corresponding period of the previous year.

The NBU notes that positive dynamics in agriculture remains the main factor for enhancement of economic activity. The increase of the volume of production in this sector over 8 months made up 10.5% compared to the corresponding period of the previous year. The additional factor for maintenance of the high rate of economic advance was a low comparison base – in July-August 2010 the growth rate was rather low compared to the rest of the year (1.4% and 2% annually correspondingly).

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Source: rbc.ua