Ukraine Industry December 2018

Ukraine

Ukraine: Industrial production contracts in December

January 25, 2019

According to data released by the Statistical Institute, industrial production fell 3.5% year-on-year in December, compared to a 0.9% drop November. The result reflected a marked contraction in manufacturing output, which more than offset an upturn in mining and quarrying production and strong output growth in the electricity, gas, steam and air conditioning supply sector.

Annual average growth in industrial output slowed to 1.0% in December, from 1.3% in November. Looking at sequential data, industrial production dropped 1.7% month-on-month in December, improving marginally from a 2.1% drop in the previous month.

FocusEconomics Consensus Forecast panelists project that industrial output will grow 2.6% in 2019, which is down 0.2 percentage points from last month’s forecast. For 2020, the panel expects industrial production to rise 2.9%.


Author:, Economist

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Ukraine Industry December 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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