Ukraine Industrial production November 2021


Ukraine: Industrial output growth ebbs in November

December 22, 2021

Industrial production grew 1.3% year-on-year in November (October: +1.4 yoy). The reading largely reflected a decline in electricity, gas, steam and air conditioning supply production. However, manufacturing production improved.

On a seasonally-adjusted monthly basis, industrial output slid 0.5% in November, swinging from October's 1.9% expansion. Meanwhile, annual average growth of industrial production was steady, coming in at October's 1.7% in November.

FocusEconomics Consensus Forecast panelists project that industrial output will rise 2.9% in 2022, which is down 0.5 percentage points from last month’s forecast, and 2.9% in 2023.


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Ukraine Industrial production Chart

Ukraine Industry November 2021 0

Note: Year-on-year changes and annual average growth of industrial production in %.
Source: State Statistics Service of Ukraine and FocusEconomics calculations.

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