Economy Ministry forecasts growth of industrial output at 2.2%

"In December 2016, we expect further growth of industrial output, which will allow seeing a 2.2% growth this year, which will be facilitated by improvements in the external price environment and the increase in domestic demand," according to the analytical material published on the ministry's website.

At the same time, the ministry noted that in the first quarter of 2017, the trend of moderate growth in industrial output will continue due to a sufficiently high level of domestic consumer and investment demand, as well as the external demand as a result of favorable market conditions in individual global commodity markets.

Read alsoUkraine sees 2.9% rise in farm produce output in Jan-NovAccording to analysts of the Ministry, the main risks for the Ukrainian industry are possible aggravation of the military conflict in the east and complications with transportation links, extension of trade restrictions imposed by the EU and the CIS countries, the decline in prices on world commodity markets, expansion of trade and transport restrictions imposed by the Russian Federation, as well as the resumption of negative expectations of economic agents against the background of problems in the banking system.

As UNIAN reported earlier, growth of industrial output in Ukraine in November 2016 accelerated to 3.7% year-over-year, after a 0.8% increase in October 2016 from October 2015.

January through November 2016, industrial production in Ukraine grew by 2.1% year-over-year.