Ukraine: Industrial production remains robust
February 21, 2011
In January, industrial output expanded 9.7% over the same month last year, which represented a deceleration compared to the 12.5% increase recorded in December. The slowdown was the result of slower growth in the manufacturing sector along with a drop in utilities. Nevertheless, growth the mining sector picked up over the previous month. Meanwhile, annual average growth of industrial output slowed from 11.0% in December to 10.5%, which represented the first moderation since September 2008, as the favourable base effect that boosted growth figures last year fades away.