Ukraine Industrial production August 2021


Ukraine: Industrial output growth quickens in August

September 22, 2021

Industrial output grew 0.6% year-on-year in August (July: +0.2% yoy). August's upturn largely reflected a marked rebound in manufacturing and came despite a swing into contraction in the mining and quarrying sector.

On a seasonally-adjusted monthly basis, factory output fell 0.6% in August, contrasting July’s 1.4% rise. Meanwhile, annual average industrial production growth rose to 1.0% in August (July: +0.6%), signaling an improving trend in the industrial sector.

FocusEconomics Consensus Forecast panelists project that industrial output will rise 2.9% in 2021, which is down 0.1 percentage points from last month’s forecast, and 3.6% again in 2022, which is from last month’s forecast.


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Ukraine Industrial production Chart

Ukraine Industry August 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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