Industrial production output in Ukraine in November on an annualized basis decreased by 0.3%, while in October—by 5%, September—4.4%, August—5.3%, July—4.2%, June—5,6%, May—12.2%, and April—16.2%. Such data are provided by the State Statistics Service.
Adjusted for the calendar days effect, industrial production in November decreased by 0.1%.
Industrial production indices, in% to the corresponding period of the previous year, cumulative
In comparison with October this year, the industrial production increase in November amounted to 1.1%, and taking into account the seasonal adjustment—1.5%.
In the processing industry in November on an annualized basis, the decline slowed to 3.4% from 6.6% in October. The mining and quarrying industries recorded an increase of 1.8%, while the supply of electricity, gas, steam and air conditioning recorded an increase of 10%.
In general, for 11 months, industrial production decreased by 6.2% compared to the same period last year. In the mining and quarrying industries, the decline was 3.8%, in the processing industry—7.8%, in the supply of electricity, gas, steam and air conditioning—3.1%.
Additionally. The number of vacancies in the industry decreased by one third, and the number of unemployed in the relevant industries increased by one and a half times in January—October this year. Such alarming industrial trends indicate a large-scale de-industrialization and primitivization of the country's socio-economic life, thinks Bohdan Danylyshyn, Head of the NBU Сouncil and former Minister of Economy.
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