Ukraine Industrial production March 2021


Ukraine: Industrial output rebounds in March

April 27, 2021

Industrial production rose 2.1% year-on-year in March, contrasting February’s 4.6% drop. March’s rebound was driven by a broad-based improvement across all sub-components of the index: Manufacturing output rebounded solidly, utilities supply output grew at a quicker rate compared to February and mining and quarrying declined at a softer pace.

On a seasonally-adjusted monthly basis, factory output grew 1.8% in March, quickening from February’s 0.5% increase. Meanwhile, the trend improved, with the annual average variation of industrial production coming in at minus 4.0% in March, above February’s minus 4.7%.

FocusEconomics Consensus Forecast panelists project that industrial output will rise 3.5% 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 March 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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