Business news from Ukraine

INDUSTRIAL PRODUCTION IN UKRAINE INCREASES BY 1.1% IN 2018

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%.

GROWTH OF INDUSTRIAL PRODUCTION IN UKRAINE IN APRIL 2018 ACCELERATES TO 3% – STATISTICS

Industrial production in Ukraine in April 2018 increased by 3% compared with April 2017, while the figure in March 2018 year-over-year was 1%, it was 1.9% in February 2018 and 3.6% in January 2018, the State Statistics Service said on Wednesday.
The authority said that with the adjustment to the effect of calendar days, industrial production in April 2018 rose by the same 3% compared with April 2017, whereas growth in March 2018 from March 2017 was by 1.6%.
Industrial production in April 2018 from March 2018 decreased by 5%, and the drop was 0.6% if the seasonal factor is taken into account.
In January-April 2018, industrial production growth accelerated to 2.6% from the same period of last year, against 2.4% in the first three months. In particular, the mining industry showed an increase from 2.3% to 3.1%, the supply of electricity, gas and steam grew from 2.1% to 3.6%. However, the processing industry demonstrated a slowdown from 2.5% to 2.2%.
The processing industry in April 2018 from April 2017 increased production by 0.8%, the mining industry by 5.6%, while in the supply of electricity, gas and steam grew by 8.6%.
In Luhansk region industrial production grew by 3% in April 2018 year-over-year, and in Donetsk region – by 11.5%.
Growth in industrial production in April 2018 was seen in Ivano-Frankivsk (14.8%), Volyn (8.3%), Poltava (8%), Sumy (6.4%), Kyiv (4%), Cherkasy and Chernivtsi (6.1% each) regions.
As reported, industrial production in Ukraine in 2017 fell by 0.1% after growth by 2.4% in 2016. The decline of 13% was seen in 2015, 10.1% in 2014, 4.3% in 2013 and 0.7% in 2012.

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