Ukraine Industry


Industrial production falls for tenth month in a row

In March, industrial production declined 5.2% over the same month last year, which, nonetheless, marked an improvement over the 6.0% fall recorded in February. The reading was largely driven by a sizable drop in the manufacturing sector.

A month-on-month comparison does not corroborate the decline suggested by the annual data, as industrial production jumped 11.0% over the previous month in seasonally adjusted terms. The print contrasted the 0.6% decrease tallied in February and marked the highest expansion in the last two years.

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 March 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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