Ukraine: Industrial production continues to fall in July
August 24, 2012
In July, industrial production contracted 0.9% over the same month last year, following the 1.4% drop observed in June. The monthly contraction was driven by a steep fall in manufacturing output, while the mining as well as the distribution of electricity, gas and water categories improved over the previous month. As a result of the negative performance, the trend continues to point down, with annual average growth in industrial production falling from 3.3% in June to 2.4% in July.