KIEV, March 20 – The fall in the production index in key sectors in February 2009 slowed to 29.9% year-on-year, the National Bank of Ukraine reported.

In February, the fall in the key sectors production index continued slightly slowed to 29.9% year-on-year, compared to 32% in January. The further worsening of the foreign economic situation and a slump in domestic demand were the key factors for the negative trends in Ukrainian economic development, according to the NBU.

The NBU said that the fall in industrial production in February 2009 was 31.6% compared to February 2008.