Ukraine: Industrial output continues to decelerate amid waning base effect
May 20, 2011
In April, industrial output grew 4.9% over the same month last year, which represented a deceleration compared to the 8.0% increase recorded in March. The reading partly reflects an unfavourable comparison base, as industrial production surged 17.4% in April last year. None of the three main sectors composing the index ? mining, manufacturing and utilities ? accelerated over the previous month. However, the moderation was mainly fuelled by the manufacturing sector, which accounts for nearly three quarters of all industrial output, and slowed to a 4.1% increase (March: +8.1% year-on-year). Amid more moderate growth rates, annual average growth of industrial output continues to moderate, falling from 10.6% in March to 9.5% in April.