Business news from Ukraine

INDUSTRIAL PRODUCTION IN UKRAINE INCREASES BY 1.1% IN 2018

24 January , 2019  

Industrial production in Ukraine in 2018 increased by 1.1% compared with 2017, while in December 2018 from December 2017 the decline was 3.5%, the State Statistics Service has reported.
The service said that with the adjustment to the effect of calendar days, industrial production in December 2018 from December 2017 decreased by 2.7%.
It indicated that industrial production in December last year in relation to the previous month decreased by 1.7% and taking into account the seasonal factor by 0.2%.
The decline in processing industry in December 2018 compared to December 2017 was 8.6%, while in mining industry and quarrying there was an increase of 1.8%, and the rise in the supply of electricity, gas, steam and air conditioning was 11.1%.
According to the report, in general, last year, processing industry posted a rise of 0.2%, mining industry and quarrying some 2.1%, the supply of electricity, gas, steam and air conditioning some 2.8%.
According to the State Statistics Service, in 2018 compared with 2017, the highest growth in industry was recorded in Sumy (by 10.4%), Ivano-Frankivsk (by 10%), Chernivtsi (by 5.5%), Zakarpattia (by 4.6%), Zaporizhia (by 3.2%), Mykolaiv (by 2.6%), Dnipropetrovsk and Volyn (by 2.3%) regions.
According to the statistics, industrial production in Luhansk region decreased 18% last year, while in Donetsk region it grew by 2.2%, including in December 2018 compared to December 2017 in Luhansk region the decline was 27% and in Donetsk region an increase of 5.1% was seen (excluding the zone of Joint Forces Operation (JFO).
As reported, the growth of industrial production in Ukraine in 2017 amounted to 0.4%, in 2016 it was 2.4% after a four-year decline: in 2015 it decreased by 13%, in 2014 – by 10.1%, in 2013 – by 4.3%, in 2012 – by 0.7%.