Ukraine Industry July 2018


Ukraine: Industrial output accelerates in July

August 27, 2018

According to data released by the Statistical Institute, industrial production increased 2.9% year-on-year in July, up from 2.2% in June. The uptick came on the back of a marked improvement in the mining and quarrying sector: Production returned to growth in July following a contraction in June. Meanwhile, manufacturing output rose modestly in July, decelerating slightly from the previous month.

Annual average growth in industrial output soared to a 17-month high of 1.9% in July, from 1.5% in June. Meanwhile, looking at sequential data, industrial production increased 1.4% month-on-month in July, notably above the previous month’s near-flat reading (June: +0.2 month-on-month).

Ukraine Industrial Production Forecast

FocusEconomics Consensus Forecast participants project that industrial output will grow 2.9% in 2018, which is down 0.1 percentage points from last month’s forecast. For 2019, panelists expect industrial production to rise 3.2%.

Author:, Research Team Manager

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Ukraine Industry Chart

Ukraine Industry July 2018

Note: Year-on-year and annual average variation of industrial production in %.
Source: State Statistics Service of Ukraine and FocusEconomics calculations.

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