Ukraine: Industrial production maintains strong pace
December 20, 2010
In November, industrial production increased 9.9% over the same month the previous year. The reading represented only a minor deceleration compared to the 10.2% expansion recorded in October. The expansion was the result of robust growth in the manufacturing sector, which was partly offset by a deceleration in the mining and utilities sectors. Manufacturing growth accelerated to 14.1% (October: +11.7% year-on-year), whereas mining output decelerated to a 2.5% expansion (October: +2.8% yoy). The distribution of electricity, natural gas and water also slowed in November, rising a paltry 0.2% (October: +13.2% % yoy). Owing to the robust monthly reading, annual average growth in industrial output inched up to 10.3%.