Ukraine Industrial production September 2020


Ukraine: Industrial output contracts at softer pace in September

October 22, 2020

Industrial production tumbled 4.4% over the same month last year in September, softer than August’s 5.3% decline and marking a full year of monthly drops.

Looking at the details of the release, September’s milder fall was driven by smaller contractions in manufacturing and energy output. Production in the mining and quarrying sector, however, slumped at a sharper pace compared to August.

Meanwhile, the trend continued to deteriorate, with the annual average variation of industrial production coming in at minus 6.5%, down from August's minus 6.1%.

FocusEconomics Consensus Forecast panelists project that industrial output will fall 6.5% in 2020, which is up 0.5 percentage points from last month’s forecast. For 2021, the panel sees industrial production rising 3.3%.


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Ukraine Industrial production Chart

Ukraine Industry September 20 20

Note: Year-on-year changes and annual average growth of industrial production in %.
Source: State Statistics Service of Ukraine and FocusEconomics calculations.

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