Ukraine Industry December 2017

Ukraine

Ukraine: Industrial output contracts in December

January 26, 2018

According to data released by the Statistical Institute, industrial activity fell 0.5% in December over the same month of 2016, reverting to contractionary territory after expansions of 0.3% and 0.4% in November and October, respectively.

Whereas the manufacturing sector performed robustly in December, growing 4.4% year-on-year, diminishing mining and quarrying output coupled with plummeting electricity, gas, steam and air conditioning supply drove the overall result into negative territory.

Nevertheless, sequential data points to slightly healthier industrial activity in December, with output rising a seasonally-adjusted 1.0% from the previous month, above November’s modest 0.3% increase. Meanwhile, annual average growth in industrial output turned negative for the first time since July 2016, coming in at minus 0.4% in December compared to plus 0.1% in November.

FocusEconomics Consensus Forecast participants project that industrial output will grow 3.1% in 2018, which is down 0.1 percentage points from last month’s forecast. For 2019, panelists expect industrial production to rise 3.5%.


Author:, Economist

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Ukraine Industry December 2017

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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