Industrial Production Continues to Grow — by 1,7% Since the Beginning of the Year

by Evheny Lazorenko
Friday, September 24, 2021
Industrial Production Continues to Grow — by 1,7% Since the Beginning of the Year

In January-August 2021, industrial production increased by 1,7%

Including in the processing industry by 1,9%, mining by 1,2%, electricity, gas, steam and air conditioning supply - by 1,6%.

According to the State Statistics Service, the growth of industrial production in August was 0,6% ("plus" 0,2% in July 2021), taking into account the effect of calendar days an increase of 0,2%.

"The growth of industry in August was formed by the continued impact of factors of general improvement in the economy, such as the impact of high conditions in foreign markets and the gradual recovery of demand for certain products in the domestic market. In particular, there was an increase in production in the processing industry - by 2,2%, while in the previous month there was a decrease of 1,8% ",  commented the First Deputy Minister of Economy of Ukraine Volodymyr Hryniuk.

The largest contribution to the index of industrial products in August had investment-oriented activities, such as production of rubber and plastic products, other non-metallic mineral products, which accelerated growth to 12%, production of furniture, other products, repair and installation of machinery and equipment up to 5, 5%, mechanical engineering up to 5,1%.

In addition, the maintenance of favorable conditions on world markets for ferrous metals continues to contribute to the growth of metallurgical production by 5,4%.

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