Industrial production in Ukraine increased by 2.1% in March

Production of steel and finished metal products grew by 5.2%

In March 2021, industrial production in Ukraine grew by 2.1% compared to March last year, according to the State Statistics Service.

In March, production of steel and finished metal products grew by 5.2%, mining of iron ores by 3.2% against March 2020.

At the same time, with adjustment for the effect of calendar days, the growth in industrial production was more significant, 2.4%. This was 10.9% up from February 2021.

In Q1 2021, industrial production in Ukraine shrank by 2% y-o-y. The decline was recorded at 4.6% in February.

In Q1, production of steel and finished metal products dropped by 0.6%, whereas mining of iron ores increased by 1.4% compared to the same period of the previous year.

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%, while mining of iron ores by 2.4%.