Ukraine: Industrial output continues to gather momentum
July 18, 2011
The industrial sector continues to power ahead, supporting the overall economic recovery. In June, industrial output increased 8.9% over the same month last year, which came above the 8.6% expansion observed in May. The acceleration was the result of stronger growth in manufacturing activity, which accounts for nearly three quarters of total industrial output. In contrast, the mining and quarrying decelerated over the previous month, whereas the utilities sector expanded at the same pace than in May. Owing to the strong reading, annual average growth of industrial remained unchanged from last month at a robust 9.2%.