Ukraine Industrial production June 2021

Ukraine

Ukraine: Industrial output growth slows in June

July 23, 2021

Industrial output expanded 1.1% compared to the same month of the previous year in June, moderating from May's 5.4% increase. The slowdown was primarily driven by weaker manufacturing output. In addition, electricity, gas, steam and air conditioning supply output contracted at a sharper rate.



On a seasonally-adjusted monthly basis, factory output fell 0.7% in June, easing from April’s 3.0% drop. Meanwhile, the trend improved, with the annual average variation of industrial production coming in at plus 0.4%, contrasting May's minus 0.1%.

FocusEconomics Consensus Forecast panelists project that industrial output will rise 3.5% in 2021, which is unchanged from last month’s forecast, and 3.6% again in 2022.


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Ukraine Industrial production Chart


Ukraine Industry June 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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