Industrial production in Ukraine declined by 0.3% in November

Production of steel and finished metal products grew by 8.2% in November

In November, industrial production in Ukraine dropped by 0.3% against November last year. In October, a decline was 5%, preceded by 4.4% in September, 5.3% in August, 4.2% in July, 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 November was less significant, 0.1% against 3.9% in October.

In November, production of steel and finished metal products grew by 8.2%, mining of iron ores by 10.6% against November 2019.

Industrial production in Ukraine in 11M shrank by 6.2% y-o-y.

In January–November, production of steel and finished metal products dropped by 10.2% and mining of iron ores by 4.2% 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.