Ukraine Industry


Ukraine: Industrial production continues to decline in September

October 23, 2013

In September, industrial production declined 5.6% over the same month last year, which was a deterioration over the 5.4% contraction recorded in August. The deterioration was mainly due to a contraction in manufacturing output, which more than offset the mild improvements registered in mining and quarrying and in electricity, gas, steam and air conditioning supply.

On a monthly basis, industrial production fell a seasonally-adjusted 0.4% over the previous month, which followed August's 2.5% decline. Annual average growth in industrial production inched down from minus 4.7% in August to minus 4.8% in September, the lowest reading since April 2010.

FocusEconomics Consensus Forecast participants estimate that industrial output will contract 2.3% in 2013, which is down 1.3 percentage points from last month's forecast. For 2014, panelists expect industrial production to accelerate to 2.3%, which is down 0.4 percentage points from last month's estimate.


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Ukraine Industry Chart

Ukraine Industry September 2013

Note: Year-on-year and annual average variation of industrial production in %.
Source: State Statistics Service of Ukraine and FocusEconomics calculations.

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