In August, industrial production contracted 4.7% over the same month last year, which came on top of the 0.9% drop recorded in July and marked, in fact, the steepest fall seen since October 2009. The monthly contraction was driven by a sharp fall in manufacturing output as well as in the mining sector. On the other hand, the distribution of electricity, gas and water categories improved over the previous month. As a result of the negative annual reading, the trend continues to point down, with annual average growth in industrial production falling from 2.4% in July to 1.1% in August.
Industrial production falls most in over three years
September 21, 2012
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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.