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Industrial production reduced by 5% in Ukraine

Source : 112 Ukraine

The industrial production continues to reduce for the second year in a row
10:19, 27 February 2020

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In January 2020, the industrial production in Ukraine reduced by 5.1% (not corrected for calendar days effect) and by 4.7% (corrected) in comparison with January 2019 as the State Statistics Service reported.

In January 2020, the industrial production reduced by 8.4% (not corrected for calendar days effect) and increased by 1.2 % (corrected) in comparison with December 2019. Besides, in December 2019, the production reduced by 7.7 % (not corrected) and by 8.3 % (corrected) as compared to December 2018.

Related: Ukraine enters list of countries whose economies reduced in 1990-2017

It is also noted that generally in 2019, the industrial production shortened by 1.1% in comparison with 2018. And in 2018, the production increased by 1.1% compared to 2017.

Earlier, Economy Minister Timofiy Mylovanov stated that IT and agricultural sectors remain to be the only successful ones of Ukraine’s economy.

As we reported, Ukraine’s Cabinet of Ministers published a report on its activities for 2019. According to the report, the government is just laying the foundation for further reforms in many areas.

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