Industry in Ukraine
Ukraine - Industry
Industrial output falls at sharpest pace in over four years in March
Industrial production fell 7.7% over the same month last year in March, after a 1.5% drop in February and marking the worst result since November 2015. Steeper contractions in manufacturing; mining and quarrying; and utilities supply sectors drove the overall crash in output.
Meanwhile, the annual average variation in industrial production came in at minus 1.5%, down from minus 0.7% in February.
FocusEconomics Consensus Forecast panelists are currently assessing the latest developments.
Ukraine - Industry Data
|Industrial Production (annual variation in %)||-12.3||4.0||1.1||3.0||-0.5|
5 years of economic forecasts for more than 30 economic indicators.
Ukraine Industry Chart
Source: State Statistics Committee of Ukraine (Ukrstat) and FocusEconomics calculations.
|Bond Yield||19.00||0.0 %||Jul 27|
|Exchange Rate||23.70||0.30 %||Jan 01|
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July 21, 2022
At its meeting on 21 July, the National Bank of Ukraine (NBU) decided to maintain its policy rate at 25.00%—the highest since March 2016—after the largest rate hike in 24 years at its June meeting. The decision not to hike further was mainly driven by the Bank’s assessment that the 1,500 basis-point hike taken at its previous meeting was enough to improve the attractiveness of the hryvnia, guarantee healthy levels of international reserves and macroeconomic stability.
July 11, 2022
Consumer prices rose 3.11% in June over the previous month, accelerating from May's 2.68% rise.
June 10, 2022
Consumer prices increased 2.68% in May over the previous month, below the 3.12% rise seen in April.
June 9, 2022
A preliminary release revealed that GDP tumbled 15.1% year on year in the first quarter of 2022, sharply contrasting the previous quarter’s 6.1% rise.
June 2, 2022
At a surprise meeting on 2 June, the National Bank of Ukraine (NBU) raised its key policy rate by 1,500 basis points to 25.00% from 10.00%.