Ukraine: Industrial output contracts again September
According to data released by the Statistical Institute, industrial production dropped 1.3% year-on-year in September, deteriorating further from the previous month’s 0.5% fall. The print marked the weakest reading in 14 months and reflected a marked contraction in manufacturing production as well as a significant drop in output in the electricity, gas, steam and air conditioning supply sector.
Annual average growth in industrial output ticked down from 1.6% in August to 1.5% in September. Looking at sequential data, industrial production rose 1.7% month-on-month in September, swinging from the previous month’s 0.5% drop and marking the strongest reading in four months.