Ukraine’s industrial production falls by almost 17% in one year

Source : 112 Ukraine

Compared to March this year, the decline in industrial production in April was 12.8%
18:39, 22 May 2020

Industrial production in Ukraine shows a significant decrease, compared to the previous year

In April 2020, industrial production in Ukraine, compared to the same month in 2019, decreased by 16.2%, while in March the decline was 7.7%. This was reported by Ukraine's State Statistics Service.

Taking into account the correction for the effect of calendar days, the decline in industrial production was 16.7% in April, compared to 8.6% in March and 4.1% in February.

Compared to March 2020, the decline in industrial production in April was 12.8%. However, taking into account adjustment for the number of working days, the decline was 6%.

Related: Ukraine’s Economy Minister opens up on program set to combat unemployment

In general, during January-April 2020, industrial production in Ukraine decreased by 7.9%, compared to the same period in 2019.

As we reported earlier, according to the chairman of the National Bank Yakiv Smoliy, Ukraine expects to receive 10 billion dollars in remittances from labor migrants.

Of course, due to quarantine, these receipts decreased ... This year we expect that there will be $ 10 billion. But this sum will be compensated by the fact that people will not be able to go on holiday abroad,” he said. 

Related: Verkhovna Rada registers draft bills on production of electric cars


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