Ukraine Industrial production October 2021


Ukraine: Industrial output growth gains steam in October

November 22, 2021

Industrial output grew 1.4% year-on-year in October, matching September’s result. October’s stable reading came as slower growth in the mining sector counterbalanced rebounding output in both the manufacturing and energy sectors.

On a seasonally-adjusted monthly basis, Industrial output increased 1.9% in October, rebounding from September's 1.8% contraction. Meanwhile, annual average industrial production growth rose to 1.7% in October (September: +1.2%).

FocusEconomics Consensus Forecast panelists project that industrial output will rise 2.8% in 2021, which is down 0.6 percentage points from last month’s forecast, and 2.9% in 2022.


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Ukraine Industrial production Chart

Ukraine Industry October 2021

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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