Ukraine Industry December 2019


Ukraine: Industrial output sinks to over four-year low in December

January 28, 2020

Industrial production plunged 7.7% over the same month last year in December, marking the worst reading since July 2015. The result was slightly below November’s 7.5% drop. A comprehensive release of performance by sub-sectors has not yet been made available.

Meanwhile, the trend pointed down, with annual average variation in industrial production coming in at minus 1.8% in December, from November’s minus 1.4%.

FocusEconomics Consensus Forecast panelists project that industrial output will grow 1.9% in 2020, which is unchanged from last month’s forecast. For 2021, the panel expects industrial production to rise 2.9%.


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Ukraine Industry Chart

Ukraine Industry December 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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