The statistics: the decline of industrial production in Ukraine in January slowed to 1.7%

The decline in industrial production in Ukraine in January 2016, compared with the January 2015 slowed to 1.7% from 2.1% recorded a month earlier (December 2015 against December 2014).

As reported on the website of the State statistics service of Ukraine, in comparison with the previous month, by December 2015, the industrial output in January 2016 fell 18.6%, after rising 1% in December against November.

According to the state statistics service, the growth of production in January 2016, compared with the January 2015 recorded only in the manufacture of coke and refined petroleum products – by 5.2%, manufacture of electrical equipment – by 4.7%, manufacture of furniture and other products – by 4.4%, the supply of electricity, gas and steam – 2.2%.

Production growth compared to the previous month in January, recorded only in the supply of electricity, gas and steam by 8%, production of coke and refined petroleum products – by 2.9%.

The largest drop of production in January 2016, compared with January of 2015 recorded in production of computers, electrical and optical products by 20.1%, woodworking industry – by 8.3%, chemical industry – 7.5%, pharmaceuticals – 7.3%.

The largest drop compared with the previous month was recorded in production of computers, electric and optical products – by 58,9%, production of furniture and other products is 50.7%.

The report notes that the data are presented excluding the temporarily occupied territory of the Autonomous Republic of Crimea and Sevastopol, as well as part of the zone of the antiterrorist operation.

We will remind, the decline in industrial production in Ukraine in December 2015 compared to December 2014, has slowed to 2.1% from 4.9% recorded a month earlier. In 2015 compared with 2014 the decline in industrial output accelerated to 13.4% from 10.7% recorded a year earlier. In December 2015, compared with November the industrial output grew by 1% after falling 1.7% in November against October.

As reported, in December 2015, the head of National Bank Valeria Gontareva said that Ukraine has managed to overcome the most massive in the history of macroeconomic crisis caused by the imbalances of the past. In the past year the Ukrainian economy finally managed to reach the bottom. A huge state budget deficit, growing external debt, a twofold devaluation of the hryvnia, inflation at 45% and the recession of over 11% — not all the challenges our country is facing in 2015. In the past year, Ukraine experienced the largest banking crisis, which left the market a third of the financial institutions that had lost 30% of deposits in local currency and in dollar — more than 40%.




The statistics: the decline of industrial production in Ukraine in January slowed to 1.7% 25.02.2016

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Февраль 25th, 2016 by
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