Ukraine Industry March 2018


Ukraine: Industrial production growth eases in March

April 26, 2018

According to data released by the Statistical Institute, industrial activity rose 1.0% in annual terms in March, decelerating from February’s 1.9% expansion. The moderation came on the back of a contraction in manufacturing output. Meanwhile, mining and quarrying production grew marginally, and electricity, gas, steam and air conditioning supply rebounded considerably.

On a more positive note, sequential data revealed that industrial production expanded 7.6% over the previous month in March, contrasting February’s 3.5% fall. Meanwhile, annual average growth in industrial output came in at 1.0% in March (February: +0.8%).

Ukraine Industry Forecast

FocusEconomics Consensus Forecast participants project that industrial output will grow 3.3% in 2018, which is unchanged from last month’s forecast. For 2019, panelists also expect industrial production to rise 3.3%.


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Ukraine Industry Chart

Ukraine Industry March 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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