Industrial production in Ukraine in April 2021 in annual terms – by April 2020 - excluding adjustments for the effect of calendar days, increased by 13%.
That's according to the State Statistics Service of Ukraine.
In annual terms, industrial output in April was up 12.5%, taking into account the calendar effect adjustment
In April, it increased by 2.7% against the previous month, excluding seasonal adjustments, and slid by 3.2%, taking such adjustments into account.
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In the context of major industrial groups: production of intermediate consumption goods increased by 25.2%, while consumer durables skyrocketed by 103%.
Investment goods showed a 28.6% increase in production, while non-durable consumer goods declined by 0.3%.
Background
- Ukraine's gross domestic product (GDP) in the third quarter of 2020 declined by 3.5% y-o-y, according to the State Statistics Service.
- Ukraine saw a slowdown in its industrial production to 0.3% in November 2020 y-o-y without calendar adjustment, after a 5% decrease in October 2020 y-o-y.
- Based on the results of 11 months of 2020, the Ministry for Development of Economic, Trade and Agriculture estimated the GDP decline at 4.7%, which was generally in line with the projected trend.
- On December 29, 2020, the ministry projected a 4.6% increase in the country's GDP in 2021.
- On December 18, 2020, Prime Minister Denys Shmyhal said the domestic economy might decline by no more than 5% of GDP in 2020.
- The decline in Ukraine's GDP in the 10 months of 2020 slowed to 5.2%, from 5.5% reported in January-September 2020.
- Industrial production in December 2020 grew by 4.8% against December 2019.
- In March 2021, industrial production grew by 2.1% year-on-year without the calendar effect adjustment and 2.4% with such adjustment.