REUTERS
The industrial output grew by 2.4% in 2016 year-over-year, after a fall over the past four consecutive years, according to the State Statistics Service of Ukraine.
In December 2016, the industrial output accelerated from 3.7% in November 2016 to November 2015 to 4.5% y-o-y.
Compared with the previous month, the indices in December were up 1.9%.
According to the State Statistics Service, the largest increase in industrial output in 2016 compared with the previous year was recorded in manufacturing of computers, electronic and optical products - by 24.1%; manufacture of coke and refined petroleum products – by 8.1%; production of rubber and plastic products – by 6.5 %; metallurgy – by 5.9%; coal and lignite mining – by 4.8%; food industry - by 3.9%; pharmaceutical production - by 3.9%.
Read alsoUkraine's Vice PM: economy out of shadows at record paceThe largest drop was recorded in crude oil and natural gas production – by 2,6%; and mining of metal ores - by 2.1%.
The State Statistics Service's reports do not include data from the temporarily occupied Autonomous Republic of Crimea and Sevastopol, as well as occupied areas in Donbas.
Read alsoKubiv: Donbas militants have no access to Ukrainian budget funds for coal purchaseAs UNIAN reported earlier, the decline in industrial output in Ukraine amounted to 13.4% in 2015, in 2014 – it was 10.7%, in 2013 it was 0.5%, in 2012 – also 0.5%, while in 2011 the industrial output increased by 7.6%.
According to estimates of the experts surveyed by UNIAN, Ukraine's economy in 2017 will continue the recovery trend. GDP growth may accelerate to 2.1% and industrial output - by 2.5%, while inflation will slow down to 10%.