Industrial production in Ukraine increased 2.1 percent year-on-year in March of 2019, rebounding from a 1.8 percent drop in the previous month and against market expectations of 0.5 percent decline. It was the biggest gain in industrial production since July of 2018, as manufacturing output rebounded (5.0 percent vs -2.5 percent in February) while mining & quarrying production increased faster (1.8 percent vs 1.7 percent). Meanwhile, electricity, gas, steam & air conditioning output fell further (-8.1 percent vs -4.9 percent). On a monthly basis, industrial production rose 12 percent, compared to a 1.9 percent fall in February. Industrial Production in Ukraine averaged -1.25 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.