Industrial production in Ukraine fell by 2.4% y/y in 2025

The industrial production index in Ukraine fell by 2.4% in 2025 compared to 2024, according to data from the State Statistics Service.

During this period, production in steel sector and the manufacture of finished steel products increased by 8.4% year-on-year, while metal ore mining decreased by 7.5% year-on-year.

Overall, in the extractive and processing industries, the indicator decreased by 2.5% y/y, while in the processing industry, it increased by 0.9% y/y.

The supply of electricity, gas, steam, and conditioned air fell by 2.2% y/y in 2025. Electricity production decreased by 1.3% y/y, and distribution by 3.4% y/y.

As reported by GMK Center, industrial production growth in Ukraine slowed to 3.6% y/y in 2024, while in 2023, industrial production grew by 6.8% y/y. The decline in output last year was due to the following factors:

• power supply disruptions caused by missile strikes on energy infrastructure in the spring and summer of 2023;
• increased production costs due to rising energy prices and the devaluation of the hryvnia;
• labor shortages.

Last year, output in the metal ore mining and steel sectors grew by 23% y/y and 19% y/y, respectively. Among other industries, the highest industrial production growth rates were recorded in the food industry (6.2%) and the production of building materials (4.2%).