Business news from Ukraine

GROWTH OF INDUSTRIAL PRODUCTION IN UKRAINE ACCELERATES TO 3.7% IN NOV 2016

22 December , 2016  

KYIV. Dec 22 (Interfax-Ukraine) – Industrial production in Ukraine in November 2016 increased by 3.7% compared to the same month of 2015, while in October it rose by 0.8%, in September by 2%, and in August by 3.4%, the State Statistics Service has reported.

According to a new formula of data provision, the agency said that adjusted for the effect of calendar days industrial production in November from November last year rose by 2.3% against 1.6% in October, 2.2% in September and 1.5% in August.

In general, for the 11 months of 2016 the growth in industry accelerated to 2.1% from 1.9% in the ten months and 2% for the first eight and nine months.

Industrial production in November compared to October this year increased by 0.8%, and taking into account the seasonal factor by 0.7%.

Industrial production in January-November 2015 from January-November 2014 fell by 14%, and in general over the past year industrial production in Ukraine declined by 13.4%, while in 2014 by 10.1%, in 2013 by 4.7%, and in 2012 by 0.5%.