Business news from Ukraine

Business news from Ukraine

Industrial production in Ukraine decreased by 0.3% in June-2024, growth slowed to 8.1% over six months

29 September , 2024  

In June this year, industrial production in Ukraine decreased by 0.3% compared to June last year and by 6.2% compared to May this year, according to the State Statistics Service (Ukrstat).
As a result, industrial production growth in the first half of 2024 slowed to 8.1% from 9.9% in the first five months of the previous year compared to the same period last year.
It is noted that the decline in production in June is due to a drop in the supply of electricity, gas, steam and air conditioning – by 11.2%, while the manufacturing industry recorded an increase of 0.6%, and the mining and quarrying industry – by 1.4%.
It was specified that the increase in production in June 2024 compared to June 2023 was recorded in metallurgy – by 34%, in mining and quarrying – by 1.4% due to growth in metal ore mining – by 30.1%, in coke and petroleum products production – by 3.2%.
In general, in the first half of 2024, industrial production in Ukraine increased by 11% in the manufacturing industry, by 9.3% in the mining and quarrying industry, and by 1.5% in the supply of electricity, gas, steam, and air conditioning.
The statistics agency notes that the volume of industrial products sold in January-June this year reached UAH 1707.9 billion, of which UAH 351.7 billion was exported.
The State Statistics Service reminded that in May of this year, there was a 3.6% increase compared to May last year, 11.6% in April, and 5% in March.
According to the State Statistics Service, industrial production in Ukraine grew by 6.8% in 2023, while in 2022 the decline was 36.7%.