Business news from Ukraine

GROWTH OF INDUSTRIAL PRODUCTION IN UKRAINE ACCELERATES TO 13% IN APRIL

31 May , 2021  

Industrial production in Ukraine in April 2021 increased by 13% compared to April 2020, while in March the growth was 2.1%, in February and January – a fall of 4.6% and 4%, respectively, 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 slightly less – 12.5%.
The State Statistics Service indicates that from March this year, industrial production in April fell by 3.2%, however, taking into account the seasonal adjustment, it increased by 2.7%.
In processing industry in April 2021 versus April 2020, the growth was 18%, in extracting industry and quarrying – 6.9%, in the supply of electricity, gas, steam and conditioned air – 4.5%.
In general, over the four months of this year, industrial production in Ukraine increased by 1.5% compared to the same period last year, including in processing industry – by 1.6%, in the supply of electricity, gas, steam and conditioned air – by 4.2%, in extracting industry and quarrying – decreased by 0.5%.
As reported, industrial production in Ukraine in 2020 fell by 5.2% after falling by 0.5% a year earlier. At the same time, in December last year, for the first time since May 2019, its growth was recorded compared to the same period of the previous year – by 4.8%.

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