Decline in Ukraine's industrial production accelerates to 5% in Oct

Ukraine in October 2020 saw an acceleration in a decline in its industrial production year-on-year (y-o-y) without calendar adjustment, to 5% after a 4.4% drop in September 2020.

With calendar adjustment, the country's industrial production in October 2020 y-o-y fell by 3.9%, the State Statistics Service of Ukraine said on its website.

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Industrial production in October 2020 compared to September 2020 increased by 5.8% without calendar adjustment and by 0.5% with calendar adjustment.

In particular, the mining industry in October 2020 posted a 2.5% decline in output compared to October 2019, while the processing industry reported a 6.6% decrease and there was a 1.8% drop in the supply of electricity, natural gas, steam and air conditioning.

In particular, production of intermediate-consumption goods was 1.2% down y-o-y and that of investment goods 19.3% down, while fast-moving consumer goods (FMCG) output fell by 6.1% and energy generation declined by 3.4%.

Meanwhile, production of consumer durable goods increased by 5.4%.

Previous developments

• Industrial production in Ukraine fell by 1.8% in 2019 after a 1.1% increase in 2018.
• Industrial output in Ukraine in January 2020 against January 2019 decreased to 5.1% (without calendar adjustment) after an 8.3% decline in December 2019.
• A decline in Ukraine's industrial production in February 2020 y-o-y slowed to 1.5% (without calendar adjustment) but accelerated to 7.7% in March 2020 and 16.2% in April 2020.
• Then, it slowed to 12.2% in May 2020 and further to 5.6% in June and 4.2% in July.
• It accelerated to 5.3% in August 2020 y-o-y (without calendar adjustment) and then slowed to 4.4% in September 2020.