Ukraine Industry November 2018

Ukraine

Ukraine: Industrial production falls in November

December 26, 2018

According to data released by the Statistical Institute, industrial production fell 0.9% year-on-year in November, swinging from a 1.4% increase in October. The result reflected a contraction in mining and quarrying production as well as manufacturing output, which more than offset output growth in the electricity, gas, steam and air conditioning supply sector.

Annual average growth in industrial output slowed to 1.3% in November from 1.5% in October. Looking at sequential data, industrial production dropped 2.1% month-on-month in November, in contrast to a solid 10.0% increase in the previous month.

FocusEconomics Consensus Forecast panelists project that industrial output will grow 2.8% in 2019, which is unchanged from last month’s forecast. For 2020, the panel expects industrial production to rise 3.7%.


Author:, Economist

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Ukraine Industry November 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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