Ukraine Industrial production May 2020

Ukraine

Ukraine: Industrial output fall at a softer rate in May

June 26, 2020

Industrial production fell 12.2% over the same month last year in May, after a 16.2% drop in April, which had marked the worst result since May 2015. Softer contractions in manufacturing; mining and quarrying; and utilities supply sectors were largely behind the result.

Meanwhile, the annual average variation in industrial production came in at minus 4.5%, down from minus 3.2% in April.

FocusEconomics Consensus Forecast panelists project that industrial output contract 6.4% in 2020, which is up 0.6 percentage points from last month’s forecast. For 2021, the panel expects industrial production to rise 4.0%.


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Ukraine Industry May 20 20 0

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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