Ukraine Industry January 2018


Ukraine: Industrial output gains steam in January

February 28, 2018

According to data released by the Statistical Institute, industrial activity rose 3.6% in January over the same month last year, contrasting December’s revised flat growth (previously reported: -0.5% year-on-year). January’s expansion marked the strongest growth in seven months. The acceleration was chiefly due to strong growth in the manufacturing sector. In addition, output in the mining and quarrying sector grew robustly.

Sequential data revealed that industrial production contracted a massive 13.9% over the previous month in January, contrasting December’s modest 1.0% growth. Meanwhile, the trend pointed down and annual average growth in industrial output came in at 0.3% in January (December: +0.5%).

Ukraine Industrial Production Forecast

FocusEconomics Consensus Forecast participants project that industrial output will grow 2.9% in 2018, which is unchanged from last month’s forecast. For 2019, panelists expect industrial production to rise 3.1%.


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Ukraine Industry Chart

Ukraine Industry January 2018

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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