Production of steel and finished metal products increased by 5.2% over the year
In 2021, industrial production in Ukraine grew by 1.1% y-o-y. In December alone, that rate declined by 1% y-o-y, according to the State Statistics Service.
Over the year, production of steel and finished metal products increased by 5.2% against 2020, and mining of iron ores by 2.5%.
In December, the steel industry production grew by 1.6% m-o-m, and mining of iron ores by 6.5%. Compared to the same month of the previous year, the output in the steel industry rose by 1.3%, while the volumes of ore mining fell by 4.9%.
With adjustment for the effect of calendar days, industrial production in December decreased by 1.4%. Compared to November 2021, the non-adjusted indicator grew by 1.1%, whereas the seasonally adjusted indicator decreased by 0.2%.
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%.