Ukraine: Industrial output rises in January
February 28, 2017
Industrial production in Ukraine continued to gain steam in January. According to data released by the State Statistics Service of Ukraine, industrial production rose 5.6% annually, which was above the 5.0% expansion recorded in December and marked a 10-month high. The result came on the back of strong growth in the manufacturing sector, which expanded nearly 10.0%.
The trend continued to improve in January and annual average growth in industrial output rose from December’s 2.8% to 3.4%, the best result since August 2012.
Sequential data suggested a more mixed picture for industrial production. In January, output fell a seasonally-adjusted 17.5% over the previous month, which notably contrasted the 2.1% growth in December.