Ukraine Industry February 2019

Ukraine

Ukraine: Industrial output contracts again in February

March 22, 2019

According to data released by the Statistical Institute, industrial production fell 1.8% year-on-year in February, compared to a 3.3% drop in January. The result marked the fourth consecutive month of falling industrial output and reflected lower manufacturing production and a contraction in the electricity, gas, steam and air conditioning supply sector, which more than offset an increase in mining and quarrying output.

Meanwhile, annual average growth in industrial output moderated to 0.7% in February from 1.1% in January, marking an over one-year low.

FocusEconomics Consensus Forecast panelists project that industrial output will grow 2.3% in 2019, which is unchanged from last month’s forecast. For 2020, the panel expects industrial production to rise 2.9%.


Author:, Economist

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Ukraine Industry Chart


Ukraine Industry February 2019

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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