The volume of Ukraine’s industrial production grew by 1.6% in May compared with the relevant month last year, the Economic Development and Trade Ministry wrote on Facebook.
“The Ukrainian industry continues to grow steadily! Thus, in May the volume of industrial production increased by 1.6% compared to the relevant period last year. The following industrial sectors showed the best development levels: chemical production – 6.7%, metallurgical production – 6.5%, extractive industry – 4.6%, food, beverages and tobacco products manufacturing sector – 3.7%, pharmaceutical production – 3.4%, coke and petroleum products manufacturing sector – 2.7%, and processing industry – 0.7%,” reads a report.
According to experts, the positive evolution of industrial development will be maintained, first of all, due to the extractive and processing industry in conditions of high investment activity and demand growth.
As the State Statistics Service earlier reported, Ukraine’s industrial production in April grew by 5.2% YoY, after a 2.1% increase in March, and a fall in February and January – by 1.8% and 3.3%, respectively. (Ukrinform/Business World Magazine)