Ukraine Industrial production April 2021

Ukraine

Ukraine: Industrial output records quickest growth since June 2020 in April

May 24, 2021

Industrial output grew 13.0% in year-on-year terms in April, which followed March's 2.1% increase. April's reading marked the best result since June 2020. April's figure was largely driven by an improvement in manufacturing output. In addition, mining and quarrying output rebounded.

On a seasonally-adjusted monthly basis, factory output grew 2.7% in April, quickening from March’s 1.8% increase and marking the best result in 10 months. Similarly, the trend improved, with the annual average variation of industrial production coming in at an over one-year high of minus 1.6% in April, up from March's minus 4.0%.

FocusEconomics Consensus Forecast panelists project that industrial output will rise 3.4% in 2021, which is down 0.3 percentage points from last month’s forecast, and 3.4% again in 2022.


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Ukraine Industry April 2021 1

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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