The decline in Ukraine’s industrial output in July slowed down to 4.2% YoY after sliding by 5.6% in June, the State Statistics Service reported. Taking into account the adjustment for the calendar-day effect, it fell by 4.4%, the stats agency said in its recent report. Compared to the previous month, industrial production in July increased by 3.9%, excluding the adjustment, and by 1.4% if taking it into account.
In the extractive industry and quarrying, the July drop was 0.7%, in the processing industry it stood at 6.6%, while in the electricity, gas, steam and air conditioning supply there was an increase of 0.6%.
In the context of major industrial groups: the annual production decline for intermediate consumption goods was 5.6%, investment goods – at 21.7% and for consumer durables – at 0.6%. For consumer goods of short-term use and energy, an increase in production was observed at 1.1% and 0.5%, respectively. (UNIAN/Business World Magazine)