Ukraine sees 7.6% rise in industrial output in Feb, first time in three years

Wednesday, March 23, 2016 - 16:58 (EET) Section: Latest news

Industrial output in Ukraine grew by 7.6% in February 2016 year-over-year, the State Statistics Service of Ukraine reported.
Industrial output growth as compared to the same period in 2015 was recorded for the first time in the last three years.
Industrial output in February grew by 8.2% as compared to January 2016. Growth by 2.9% has been recorded since the beginning of the year.
According to the State Statistics Service, the highest growth dynamics in February 2016 were recorded in pharmaceutical production, by 35% year-over-year. The manufacture of coke and fuel saw a 30% increase year-over-year, while coal production rose by 27.9% from February 2015.
The highest production growth rates in February 2016 as compared with the previous month, January 2016, were recorded in computing equipment production, by 2.2 times. The manufacture of machinery and equipment grew by 43.5%, furniture production rose by 41.9%, and that of electrical equipment by 39.7% from January 2016.
At this, production of chemicals shrank in February 2016 by 8% year-over-year. Production of machinery and equipment declined by 7.8%, crude oil and natural gas output was 0.1% down from February 2015.
At the same time, crude oil and natural gas output in February 2016 from January 2016 fell by 6.7%. Metal ores output decreased by 3.3%, and that of coke and fuel was 1.4% down from the previous month.
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 decline in industrial production in Ukraine in January 2016 slowed from 2.1% to 1.7% as compared with the same period last year, and it fell by 18.6% in January 2016 as compared with the previous month, December 2015.
Last year, the decline in industrial output accelerated to 13.4% as compared to 2014 from 10.7% recorded a year earlier.