Decline in industrial production in Ukraine accelerates to 5.4% y/y in August.

By bne IntelliNews September 17, 2013

In August, industrial production declined by 5.4% y/y compared to 4.9% y/y contraction seen in July, the State Statistics Service has announced. In m/m terms, industrial production in August fell by 2.5%. In Jan-Aug, industrial production shrank by 5.2% y/y.

In particular, mining and quarrying in August decreased by 1.1% m/m, and grew by 1.1% y/y. The volume of the processing industry in August decreased by 73.2% m/m and 9% y/y.  Manufacture of food products, beverages and tobacco decreased by 1.4% m/m (down by 8.5% y/y), the amount of light industry declined during the month by 2.6% (down by 11.8% y/y). Manufacture of coke, refined petroleum products in August increased by 3.2% m/m (down by 5.8% y/y).

Manufacture of chemicals and chemical products declined during the month by 9.2% (down by 25% y/y), rubber and plastic products grew by 3.3% (down by 4.3% y/y). The volume of steel production in August decreased by 2.9 % m/m (for the year - 2.4%), machinery for the month decreased by 5.1 % ( for the year - a decline of 3.4%).

Industrial output reduced by 1.8% in 2012, compared with 2011.

The government forecasts industrial production to grow by 8-9% over 2013-2014. The increase in production of chemical and petrochemical industry will be mainly achieved by an increase in the production of mineral fertilizers (nitrogen, phosphorus), taking into account the favorable conditions in foreign markets and prices, as well as organic chemistry products (production of organic acids, amino acids, biopolymers ).

 

Related Articles

Ukrainian cabinet tightens control over national railway company

The Ukrainian cabinet on January 19 took direct control of the Ukrzaliznytsya national rail network from the infrastructure ministry, apparently because of inefficiency and corruption within the ... more

Ukrainian president's Roshen company pulls out of Russia

The Ukrainian confectionary company Roshen, owned by the country's President Petro Poroshenko, is closing down its factory in Russia's Lipetsk region and pulling out of the neighbouring country ... more

Ukraine central bank slams PwC over PrivatBank audit

The National Bank of Ukraine (NBU) has accused PricewaterhouseCoopers, PrivatBank's auditing firm, of providing an inadequate evaluation of collateral under loans provided by the çountry's ... more

Register here to continue reading this article and 2 more for free or purchase 12 months full website access including the bne Magazine for just $119/year.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

To continue viewing our content you need to complete the registration process.

Please look for an email that was sent to with the subject line "Confirmation bne IntelliNews access". This email will have instructions on how to complete registration process. Please check in your "Junk" folder in case this communication was misdirected in your email system.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

If you have any questions please contact us at sales@intellinews.com

Subscribe to bne IntelliNews website and magazine

Subscribe to bne IntelliNews website and monthly magazine, the leading source of business, economic and financial news and commentary in emerging markets.

Your subscription includes:
  • Full access to the bne content daily news and features on the website
  • Newsletters direct to your mailbox
  • Print and digital subscription to the monthly bne magazine
  • Digital subscription to the weekly bne newspaper

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

bne IntelliNews
$119 per year

All prices are in US dollars net of applicable taxes.

If you have any questions please contact us at sales@intellinews.com

Register for free to read bne IntelliNews Magazine. You'll receive a free digital subscription.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

IntelliNews Pro offers daily news updates delivered to your inbox and in-depth data reports.
Get the emerging markets newswire that financial professionals trust.

"No day starts for my team without IntelliNews Pro" — UBS

Thank-you for requesting an IntelliNews Pro trial. Our team will be in contact with you shortly.

Dismiss