Ukraine Industry


Industrial production continues to fall in February

In February, industrial production dropped 6.0% over the same month last year, which marked a deterioration over the 3.2% fall recorded in January. The reading was largely driven by a sizable drop in electricity, gas and water.

A month-on-month comparison corroborates the decline suggested by the annual data, as industrial production fell 0.6% over the previous month in seasonally adjusted terms. The print, however, came in well above the 11.1% decrease tallied in January and marked the lowest contraction in the last four months.

FocusEconomics Consensus Forecast participants estimate industrial output to expand 2.5% in 2013, which is unchanged from last month's forecast. For 2014, panellists expect industrial production to accelerate to 3.8%.


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Ukraine Industry Chart

Ukraine Industry February 2013

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

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