Ukraine Industrial production September 2021

Ukraine

Ukraine: Industrial output growth loses pace in September

October 22, 2021

Industrial output grew 1.4% year-on-year in September (August: +1.7% yoy). September’s slowdown was partly driven by a deterioration in manufacturing output. In contrast, mining and quarrying output rebounded.



On a seasonally-adjusted monthly basis, factory output fell 1.8% in September, down from July’s 0.6% slide. Meanwhile, annual average industrial production growth rose to 1.2% in the same month (August: +1.0%), signaling an improving trend in the industrial sector.

FocusEconomics Consensus Forecast panelists project that industrial output will rise 2.7% in 2021, which is down 0.2 percentage points from last month’s forecast, and 3.4% in 2022.


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Ukraine Industrial production Chart


Ukraine Industry September 2021

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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