Industrial production in Ukraine declined by 5.3% in August

Production of steel and finished metal products declined by 10.6%

In August, industrial production in Ukraine dropped by 5.3% against August last year. In July, a decline was 4.2%, preceded by 5.6% in June, 12.2% in May, 16.2% in April, 7.7% in March, 1.5% in February and 5.1% in January, according to the State Statistics Service.

At the same time, with adjustment for the effect of calendar days, the fall in industrial production in August was less significant, 4.2% against 4.4% in July.

In August, production of steel and finished metal products declined by 10.4%, mining of iron ores by 3.8% against August last year.

In the first eight months of 2020, industrial production in Ukraine decreased by 7.4% y-o-y.

In January–August, production of steel and finished metal products dropped by 13.2% and mining of iron ores by 5.5% compared to the same period of the previous year.

In 2019, industrial production in Ukraine declined by 1.8% against 2018. Last year, production of steel and finished metal products decreased by 3.1%, whereas mining of iron ores remained unchanged.