Ukraine Industry July 2019


Ukraine: Industrial output records small drop in July

August 28, 2019

Industrial production contracted 0.2% over the same month last year in July, a smaller drop than June’s 2.3% decrease. A recovery in mining and quarrying activity drove the improved result.

Meanwhile, on a seasonally-adjusted month-on-month basis, industrial output expanded 3.6% in July (June: -1.3% mom). Annual average growth in industrial production fell to zero in July from 0.3% in June.

FocusEconomics Consensus Forecast panelists project that industrial output will grow 2.0% in 2019, which is unchanged from last month’s forecast. For 2020, the panel expects industrial production to rise 2.7%.

Author: Angela Bouzanis, Lead Economist

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Ukraine Industry Chart

Ukraine Industry July 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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