Ukraine: Industrial production maintains momentum
March 21, 2011
In February, industrial output advanced 11.5% over the same month last year, which came in above the 9.7% increase registered in January. The improvement was driven by a stronger performance in the utilities sector, which rebounded to a 5.9% expansion (January: -2.9% year-on-year). Meanwhile, manufacturing, which represents around three quarters of total industrial output, grew 14.9% (January: +14.4% yoy). Meanwhile, the trend is pointing upwards, with the annual average growth of industrial output advancing from 10.5% in January to 11.0% in February.