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Ukraine Industrial production October 2020

Ukraine: Decline in industrial output sharpens in October

Industrial production declined 5.0% over the same month last year in October, sharper than September’s 4.4% slump and marking 13 consecutive months of falling output.

Looking at the details of the release, October’s result reflected a steeper downturn in manufacturing and utilities supply output. In contrast, production in the mining and quarrying sector declined at a softer pace compared to September.

Meanwhile, the trend continued to deteriorate, with the annual average variation of industrial production coming in at minus 6.7%, down from September’s minus 6.5%.

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