Ukraine Industrial production July 2021

Ukraine

Ukraine: Industrial output growth loses steam July

August 30, 2021

Industrial output grew 0.2% compared to the same month of the previous year in July, moderating from June's 1.1% increase. Looking at the details of the release, the result was mainly driven by manufacturing output swinging into contraction in July. In contrast, both mining and quarrying, and energy output gained steam.



On a seasonally-adjusted monthly basis, factory output rose 1.3% in July, contrasting June’s 0.6% drop. Meanwhile, the trend improved slightly, with the annual average growth of industrial production coming in at plus 0.6% in July, up from June's 0.4%.

FocusEconomics Consensus Forecast panelists project that industrial output will rise 3.2% in 2021, which is down 0.2 percentage points from last month’s forecast, and 3.5% again in 2022.


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Ukraine Industrial production Chart


Ukraine Industry July 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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