Ukraine: Industrial production growth slows in June
July 27, 2018
According to data released by the Statistical Institute, industrial output rose 2.2% in annual terms in June, decelerating from May’s 2.5% increase. The moderation came on the back of a contraction in mining and quarrying output, while manufacturing output grew modestly.
Meanwhile, annual average growth in industrial output fell from 1.7% in May to 1.5% in June. Looking at sequential data, industrial production grew a meager 0.2% month-on-month in June, notably below May’s 3.1% increase.
Author: Almanas Stanapedis, Economist