Industrial production in Ukraine increased 1.6 percent year-on-year in May 2019, easing from a 5.2 percent rise in the previous month and well below market expectations of a 2.8 percent rise. Manufacturing production slowed sharply (0.7 percent vs 7.4 percent in April) while electricity, gas, steam and air conditioning supply fell (-0.3 percent vs 0.3 percent). On the other hand, mining & quarrying output advanced faster (4.6 percent vs 2.7 percent). On a seasonally adjusted monthly basis, industrial output went down 0.5 percent, following a 1.8 percent drop in April. Industrial Production in Ukraine averaged -1.21 percent from 2000 until 2019, reaching an all time high of 17.60 percent in April of 2010 and a record low of -33.80 percent in January of 2009.
Industrial Production in Ukraine is expected to be 2.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Industrial Production in Ukraine to stand at 1.90 in 12 months time. In the long-term, the Ukraine Industrial Production is projected to trend around 1.00 percent in 2020, according to our econometric models.