Industrial production in Ukraine fell unexpectedly 0.2 percent year-on-year in July of 2019, following a 2.3 percent drop in the previous month and missing market expectations of a 1.2 percent gain. It was the second straight decrease, although at a much softer pace, as manufacturing output rebounded (0.3 percent vs -6.1 percent in June). On the other hand, mining & quarrying production advanced less (0.1 percent vs 4.3 percent) while electricity, gas, steam and air conditioning supply fell (-3.6 percent vs 4.4 percent). On a seasonally adjusted monthly basis, industrial output went down 0.6 percent, following a 3.7 percent drop in June. 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 1.90 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 2.00 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.