Industrial output slowing down in annual terms

The decline in industrial production in Ukraine in August 2020 year-on-year – excluding adjustments for the calendar days effect – accelerated to 5.3% after falling by 4.2% in July, the State Statistics Service reports.

Taking into account the adjustment for the effect of calendar days, industrial output in August fell by 4.2% in annual terms, the agency reported on its website.

Read alsoAgricultural production in Ukraine almost 10% down in eight monthsTo the previous month, August's industrial output decreased by 3.5%, excluding the adjustment for the calendar days effect, and by 0.1% – with such adjustment.

Output slowdown by industry

In the context of the main activities: in the extractive industry and quarrying in August, the drop on year amounted to 0.1%, in processing industry – to 7.7%, and in the electricity, gas, steam, and conditioned air supply – to 4.6%.

In the context of major industrial groups: the annual production decline for intermediate consumption goods stood at 4.2%, for investment goods – at 27%, for short-term-use consumer goods – at 0.9%, and for energy – at 1.3%.

Production of consumer durables increased by 5%.

Background

The decline in industrial production in Ukraine in July 2020 on year slowed to 4.2% after falling by 5.6% in June.