Industrial production in Ukraine declined by 4.2% in July

In July 2020, industrial production in Ukraine dropped by 4.2% against July last year. In June, a decline was 5.6%, 12.2%, preceded by 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 July was more significant, 4.4% against 7.1% in June.

In July, production of steel and finished metal products declined by 10.6%, mining of iron ores by 5.1% against July last year.

In the first seven months of 2020, industrial production in Ukraine decreased by 7.7% y-o-y.

In January–July, production of steel and finished metal products dropped by 13.6% and mining of iron ores by 5.8% 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.