Industrial production growth slowed down to 0.4% in November

In November 2021, industrial production in Ukraine grew by 0.4% against November 2020. While in October it grew by 1.4%, according to the State Statistics Service.

In November, production of steel and finished metal products grew by 5.3%, and mining of iron ores by 4.1% compared to the previous month. Compared to the same month of the previous year, the output in the steel industry rose by 4.1%, while the volumes of ore mining fell by 1.9%.

With adjustment for the effect of calendar days, industrial production in November decreased by 0.2%. Compared to October 2021, the non-adjusted indicator grew by 0.1%, whereas the seasonally adjusted indicator decreased by 0.5%.

In January–November, industrial production in Ukraine increased by 1.3% y-o-y.

In 11M, production of steel and finished metal products increased by 5.5%, and mining of iron ores by 3.2% 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%.