In May, industrial production increased 1.0% over the same month last year, after recording a flat reading in April. The improvement was mainly driven by stronger growth in manufacturing as well as in production and distribution of electricity, gas and water. On the other hand, growth in the mining sector deteriorated over the previous month. Despite the stronger monthly reading, the trend continues to point downwards, with annual average growth in industrial production falling further from 4.9% in April to 4.2% in May.
Industrial production improves in May
June 21, 2012
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Ukraine Industry Chart
Note: Year-on-year and annual average variation of industrial production in %.
Source: State Statistics Service of Ukraine and FocusEconomics calculations.
Ukraine Economic News
October 10, 2016
In September, consumer prices rose 1.8% from the previous month, which contrasted August’s 0.3% decrease.
September 26, 2016
Industrial production returned to growth in August, after contracting in July.
September 21, 2016
Ukraine’s recovery gained steam in the second quarter, as the country heals from a deep recession.
September 16, 2016
In August, consumer prices fell 0.3% over the previous month, which followed July’s 0.1% decrease.
September 15, 2016
Stabilizing inflationary pressures in Ukraine’s tattered economy prompted the National Bank of Ukraine (NBU) to decide to cut the key policy rate from 15.50% to 15.00% at its 15 September monetary policy meeting.