Ukraine: Industrial production improves in May
June 21, 2012
In May, industrial production increased 1.0% over the same month last year, after recording a flat reading in April. The improvement was mainly driven by stronger growth in manufacturing as well as in production and distribution of electricity, gas and water. On the other hand, growth in the mining sector deteriorated over the previous month. Despite the stronger monthly reading, the trend continues to point downwards, with annual average growth in industrial production falling further from 4.9% in April to 4.2% in May.