Industrial output slowing down in annual terms

The decline in industrial production in Ukraine in September 2020 year-on-year – excluding adjustments for the calendar days effect – slowed down to 4.4% after falling by 5.3% in August, the State Statistics Service reports.

Taking into account the adjustment for the effect of calendar days, industrial output in September fell by 5.4% in annual terms, the agency reported on its website.

Read alsoUkraine sees 6.7% rise in retail trade in Jan-SeptTo the previous month, September's industrial output decreased by 1.1%, excluding the adjustment for the calendar days effect, and increased by 4.5% – with such adjustment.

Output slowdown by industry

In the context of the main activities: in the extractive industry and quarrying in September, the drop on year amounted to 2.9%, in processing industry – to 5.8%, and in the electricity, gas, steam, and conditioned air supply – to 0.2%.

In the context of major industrial groups: the annual production decline for intermediate consumption goods stood at 1.4%, for investment goods – at 19.5%, for short-term-use consumer goods – at 5.8%, and for energy – at 1.3%.

Production of consumer durables increased by 4.5%.

Industrial output: Background

• In 2019, industrial production fell 1.8% after a 1.1% rise in 2018.
• 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.