Industrial production in Ukraine decreased by 5.2% in 2020

Production of steel and finished metal products dropped by 9.1% over the year

In 2020, industrial production in Ukraine decreased by 5.2% against 2019, according to the State Statistics Service.

In 2020, production of steel and finished metal products dropped by 9.1% and mining of iron ores by 2.4% against the previous year.

In December, industrial production rose, for the first time in 2020, by 4.8% against December 2019, while November showed a 0.3% decrease.

At the same time, with adjustment for the effect of calendar days, a fall in industrial production in December was less significant, 3.2% against 0.1% in November.

In December, production of steel and finished metal products grew by 4.3%, mining of iron ores by 20% against December 2019.

In 2019, Ukraine’s industrial production 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.