Industrial production growth in Ukraine slowed down to 5.4% in May

Industrial production in Ukraine grew by 5.4% in May and by 13% in April 2021 y-o-y,

according to the State Statistics Service.

In May 2021, production of steel and finished metal products grew by 12.2%, mining of iron ores by 11.6% y-o-y.

With adjustment for the effect of calendar days, however, the growth in industrial production remained flat — 5.4%. The May result was 3.4% down from April 2021.

In January–May, industrial production in Ukraine grew by 2.2% compared to the same period a year earlier.

In 5M, production of steel and finished metal products increased by 7.1%, and mining of iron ores by 5.4% y-o-y.

In 2020, industrial production in Ukraine declined by 5.2% against 2019. Last year, production of steel and finished metal products decreased by 9.1%, whereas mining of iron ores by 2.4%.