Industrial production in Ukraine grew 1.4% in October

Production of steel and finished metal products over the month has remained at the level of the previous year

In October 2021, industrial production in Ukraine grew by 1.4% against October 2020. In September, this indicator dropped by 0.7%, according to the State Statistics Service.

In October, production of steel and finished metal products fell by 1.5%, but mining of iron ores increased by 0.2% compared to the previous month. Compared to the same month of the previous year, the output in the steel industry remained flat, while the volumes of ore mining fell by 3%.

With adjustment for the effect of calendar days, the growth in industrial production in October was more significant — 2.2%. Compared to September 2021, the non-adjusted indicator grew by 7.8%, whereas the seasonally adjusted indicator grew by 1.9%.

In January–October, industrial production in Ukraine increased by 1.4% y-o-y.

In 10M, production of steel and finished metal products increased by 5.6%, and mining of iron ores by 3.8%, y-o-y.

In 2020, industrial production in Ukraine declined by 5.2% against 2019. Last year, production of steel and finished metal products decreased by 9.1%, whereas mining of iron ores by 2.4%.