Ukraine: Industrial output contracts at a slower rate in February
March 23, 2020
Industrial production fell 1.5% over the same month last year in February, after a 5.1% drop in January and marking the fifth consecutive month of contraction in industrial sector output. Softer contractions in the manufacturing, mining and quarrying, and utilities supply sectors drove the milder decline in overall output.
Meanwhile, the annual average variation in industrial production came in at minus 0.7%, matching January’s result.
Author: Nicolás J. Aguilar, Economist