Industrial output in Ukraine rises, second month in row

The growth of Ukraine`s industrial output in March 2016 year-over-year slowed down from 7.6% recorded a month earlier to 4.8%, the State Statistics Service of Ukraine reported.
Industrial output in March compared to the previous month dropped to 6.8% from 8.2% in February to January.
Since year start, in January – March, the growth was at 3.7% year-over-year.
According to the State Statistics Service, the highest growth dynamics in March 2016 were recorded in production of computers, electronics and optical products – by 1.6 times; the manufacture of coke and fuel saw a 26.6% increase, while coal production rose by 25.9%; metallurgy grew by 19.1%.
The highest production growth rates in March 2016 as compared with the previous month were recorded in gum and plastic produce – by 19.4%, and in chemical industry – by 16.9%.
At the same time, production of chemicals shrank the most. In March, 2016 it dropped 7.4% yoy. Crude oil and natural gas output was 4% down, and supplies of electricity and gas dropped 2.3 compared to March 2015.
The data is presented excluding the temporarily occupied territory of the Autonomous Republic of Crimea, the city of Sevastopol and part of eastern Ukraine, which is the so-called Anti-Terrorist Operation zone.
As UaPosition reported earlier, the rise in industrial production in Ukraine in February 2016 was 7.6% as compared with the same period last year, and the growth compared with the previous month was recorded for the first time in three years. Compared with January 2016, the growth of industrial output was at 8.2% in February. Since the year start, in January-February, the growth was 2.9%.
Last year, the decline in industrial output accelerated to 13.4% as compared to 2014 from 10.7% recorded a year earlier.

Avatar photo


An independent media focused on Ukraine.
Follow us on social media:

Submit a Comment

Your email address will not be published.

Share This

Share this post with your friends!