Business news from Ukraine

Business news from Ukraine

INDUSTRIAL PRODUCTION IN UKRAINE IN MAY INCREASES BY 5.4%

Industrial production in Ukraine in May 2021 increased by 5.4% compared to May 2020, while in April the growth was 13%, in March – 2.1%, and in February and January there was a decline, respectively by 4.6% and 4%, the State Statistics Service has said.
The agency clarified that, adjusted for the effect of calendar days, the growth of industrial production in the past month was the same – 5.4%.
The State Statistics Service indicates that from April this year, industrial production fell by 3.4%, and taking into account the seasonal adjustment – by 3%.
In processing industry in May 2021 from May 2020 the growth was 6.3%, in extracting industry and quarrying – 8%, while the supply of electricity, gas, steam and air conditioning recorded a decline of 3.5%.
In general, for the five months, the service recorded an acceleration in the growth of industrial production to 2.2% from 1.56% following the results of four months. In particular, the growth in processing industry was 2.5%, in the supply of electricity, gas, steam and conditioned air – by 2.9%, in mining industry and quarrying – by 1.2%.

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RETAIL TURNOVER IN UKRAINE ACCELERATES TO 13% IN MARCH

Retail goods turnover in Ukraine in March 2021 year-over-year grew by 13.1% year-over-year in comparable prices, the State Statistics Service has reported.
In the first quarter of 2021, retail trade turnover grew by 7.5% compared to the first quarter of 2020, while in March 2021 compared to the previous month, its growth was 11.8%.
The largest increase in the retail turnover of enterprises (legal entities and private entrepreneurs) in January-March 2021 year-over-year was recorded in Kyiv (by 14.6%), Chernivtsi (by 13.7%), Vinnytsia (by 12.5%), Ternopil (by 11.8%), Chernihiv (by 10.5%), Khmelnytsky (by 10%), Poltava and Zakarpattia (by 9, 9%), Zaporizhia (9.8%), Dnipropetrovsk (9.1%), Odesa (8.9%), Lviv (7.8%) regions and Kyiv city (6.8%).
The authority said that the data are given without taking into account the temporarily occupied territory of the Autonomous Republic of Crimea, the city of Sevastopol and the Joint Forces Operations area.

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