Industrial production in Ukraine fell by 6.1% y/y in January-April

Production in metallurgy and finished steel products increased by 9.5% y/y over the period

The industrial production index in Ukraine fell by 6.1% in January-April 2025 compared to the same period in 2024. This is evidenced by data from the State Statistics Service.

During the period, production in metallurgy and finished metal products increased by 9.5% y/y, while production in metal ore mining decreased by 4% y/y.

In general, the mining and processing industry decreased by 6.1% y/y, in particular, the mining and quarrying industry by 15% y/y, and the processing industry by 2.1% y/y.

The supply of electricity, gas, steam, and air conditioning in January-April 2025 fell by 6.3% y/y. Electricity generation decreased by 7.8% y/y, and distribution by 6.8% y/y.

In April of this year, industrial production increased by 9.2% m/m and fell by 6.4% y/y. In particular, in metallurgy and production of finished metal products it increased by 10.1% m/m and 4.6% y/y, and in metal ore mining it increased by 2.9% m/m but decreased by 2.2% y/y.

As GMK Center reported earlier, 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 production last year was due to the following factors

• interruptions in energy supply due to missile strikes on energy infrastructure in the spring and summer of 2023;
• increased production costs due to rising energy prices and hryvnia devaluation;
• labor shortage.

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